TAX INVOICES
SUMIT BADYAL (709 Points)
08 September 2021
hi, can we issue a credit note against the tax invoice given by the buyer?
6 Replies
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 08 September 2021
Tax Invoice by buyer?????
SUMIT BADYAL
(709 Points)
Replied 08 September 2021
Tax invoice means, goods damage during transportation or he used some piece of goods as a sample.... so he generated tax invoice... I'm confused that I will issue a credit note or book as an expense.
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 08 September 2021
I cannot understand the original transaction.
In any case you can generate a credit note but if you are a supplier then only you will include it in gstr1 otherwise it will remain an accounting credit note which will reverse your itc in 3b
SUMIT BADYAL
(709 Points)
Replied 08 September 2021
The transaction is........ buyer received some damaged goods, so he generated tax invoice with gst and send us... what should I do now to show a credit note or take an input tax credit in our accounts?
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 09 September 2021
In this case since the buyer has made a tax invoice the buyer becomes the supplier of the second transaction.
First confirm with your buyer whether he will show this invoice in gstr1. If yes you treat it as purchase and claim ITC.
SUMIT BADYAL
(709 Points)
Replied 10 September 2021
It's is correct if we have issued a credit note against a tax invoice.
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