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TRADE DISCOUNT AFTER SALES / DEBIT NOTE / CREDIT NOTES

Goods and Services Tax - Started By: - SAFETAB LIFESCIENCE - Dated:- 14-12-2017 Last Replied Date:- 14-12-2017 - Respected Sirs, We are receiving bills for Raw Materials supply from GST registered persons with GST charged bills. After receipt at our .....

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ights to raise Debit Note for the goods purchased by us and only the supplier of goods (seller) has to give Credit Note ONLY. Kindly clarify whether we can raise Debit Note or Only seller has to give Credit Note or both are allowed for our debits to .....

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we raise Credit Note, where GST to be added with Discount amount. If we add GST, party will make payment after deducting Discount+GST amount (that is Credit Note Value). If so, what we have to do in GST portal for GST on discount amount in GSTR-3B. .....

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A debit note should be issued by a supplier in the following circumstances: (a) The taxable value shown in the invoice is lesser than the taxable value of the supply; or (b) The tax charged in the invoice is less than the tax payable on the supply. .....

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urn of the month of the issue of debit note. And for the later case, where intend to give discount, you have to issue Credit note with GST. GST can be reversed for the value of discount and by mentioning it in GSTR 3B or GSTR-1 your liability to that .....

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