gst exports, Goods and Services Tax - GST

[Madhavan iyengar]

We have exported some goods in Sept 17 for rs. 1 crores in and also claimed refund etc as per gst provisions

Now foreign vendor is raising a credit note on us for non fulfilment of some conditions of product which was exported as per local laws of their country and he will raise credit note against the export invoice for Rs.. 25 lacs in January 2019

In above transactions what will be gst implication for the exporter

Posts / Replies

[KASTURI SETHI]

Are you thinking towards Schedule-II Entry No.5 Clause (e) of CGST Act ?

[YAGAY andSUN]

In GST regime, the credit note and debit note can only be issued by the supplier of goods & services.