Post Sale Discounts - How to check Buyer has reversed GST Credit on Credit Note issued by Supplier

Рет қаралды 7,742

7 күн бұрын

Post Sale Discounts - How to check Buyer has reversed GST Credit on Credit Note issued by Supplier
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📢 CBIC issued Circular on Mechanism for providing evidence of compliance of conditions of Section 15(3)(b)(ii) of the CGST Act, by the suppliers [Circular No.-212/6/2024-GST]
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Пікірлер: 13

@ashokktekuru4640 4 күн бұрын

Pranaaam sir

@rohittripathi3947 5 күн бұрын

Thank you sir for sharing this informative video 👍👍

@omkarnathkaja300 4 күн бұрын

Sir if the seller uploads credit note automatically it will become buyers liability in 3b of buyer then it is the duty of the buyer to discharge his liability not the tension of seller. It is the duty of dept to get the amount realisted along with interest charged for delay.. so there is no need to cross check but law said to check. Why we don't know

@amitmukherjee2527 4 күн бұрын

Good one sir

@Kishore39759 5 күн бұрын

Thank you sir

@mvnagesh3609 14 сағат бұрын

Sir, even vendor not issued, based on quality or short receipt, we are reversing ITC portion month on month. Again we can't reverse based on credit note issued by vendor in latter date if any

@cacvsuryam3820 5 күн бұрын

Sir, almost for the last about one year, ITC is being autpopulated into 3B of recipient net amount only (after adjusting tax on CNs). Hence, is it so that this circular is beneficial for past cases?

@cawithdeepak 4 күн бұрын

@cabimaljain Sir what is the recourse to a businessman who has paid output tax on invoice and subsequently the debt becomes bad? Credit note or any case law?

@atulpuranik8506 4 күн бұрын

Sir what about credit notes issued to un registered person?

@anandmohan1556 5 күн бұрын

Sir, if the suppliers not issued the credit note,but make the adjustment through ledger, now department demanded the tax.

@ayushgoel8022 5 күн бұрын

Thanks Sir for sharing this. I have a question regarding this, I believe this circular is only applicable when the supplier has reversed it's output tax liability. Will it also make a impact where the supplier has not reduced it's liability and the buyer has not reduced it's ITC