SUMIT BADYAL (709 Points)
02 July 2020
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4515 Points)
Replied 02 July 2020
Credit note is to be raised by the supplier against sales return u/s 34 of CGST Act. Where within time limits mentioned, GST could be reduced, with condition that recipient must reduce his ITC.
Above process followed by customer is incorrect. Suggest to reject his invoice, and raise CN with 12% GST against sales return
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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