REGARDING CREDIT NOTE

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..... REGARDING CREDIT NOTE
Query (Issue) Started By: - ranjit kunar Dated:- 21-1-2015 Last Reply Date:- 25-1-2015 VAT + CST
Got 1 Reply
VAT / Sales Tax
What is the rule for credit note???supp .....

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..... ose there in an invoice in the month of March'14 and the credit note raised in the month of april'14. should we adjust the credit note with vat output. What is the period for taking credit not .....

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..... e...Can we adjust service credit note eith vat output Reply By Pradeep Khatri: The Reply: Due to the time gap you would not be able to adjust the tax in the same financial year however, in the subse .....

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..... quent year it may be done. Further, Service tax credit cannot be adjusted with VAT Output Tax as both are mutual exclusive legislature, i.e. one is under Central Government, the other is under State G .....

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..... overnment. Regards, Sameer Malhotra- Consultant (YAGAY and SUN) -Management, Business and Indirect Tax Consultants
Discussion Forum - Knowledge Sharing .....

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