if I sold goods to customer in December and he returns goods on 5 Jan.
then as date to file return fot Dec period is 20 August,whether I need to pay any tax on that sale amount or not if I issue credit note to customer
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Replies (5)
sir please revisit your question date n months are not correct
hmm sorry I meant to ask
I sold goods on 25 Dec but customer returns goods on 5 Jan
as return period for December month is 20 Jan
what will be the treatment of credit note issued to customer on 5 Jan whether it will be deducted from December sale or not
I sold goods on 25 Dec but customer returns goods on 5 Jan
as return period for December month is 20 Jan
what will be the treatment of credit note issued to customer on 5 Jan whether it will be deducted from December sale or not
no sir. it will be deducted from Jan sale. when filing GSTR 3b as well as gstr 1
means in December I will have to pay tax
and if I issued credit note on 29 December then what will be the amswer
and if I issued credit note on 29 December then what will be the amswer
Then you can adjust in December 3B and GSTR1 itself. You don't need to pay tax in this case.
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