CREDIT NOTE TREATMENT

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..... CREDIT NOTE TREATMENT
Query (Issue) Started By: - ranjit kunar Dated:- 11-3-2015 Last Reply Date:- 13-3-2015 VAT + CST
Got 1 Reply
VAT / Sales Tax
what is the treatment of credit Note?Su .....

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..... ppose invoice done in the month of march'15 and credit note done in April'15.Shall we adjust the credit note with Output tax??What is the period of taking credit note Reply By Pradeep Khatri: .....

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..... The Reply: Dear Ranjit, Please check second proviso of the Rule 26 (1) of the WBVAT Rules, 2005. For your ready reference we are mentioning the relevant text of the aforesaid proviso, Provided fur .....

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..... ther that subject to the time limit prescribed herein above, adjustment through debit note and credit note shall be made within nine months from the date of transaction in question. Regards, YAGAY a .....

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..... nd SUN (Management, Business and Indirect Tax Consultants)
Discussion Forum - Knowledge Sharing .....

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