CREDIT NOTE TREATMENT

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

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....pose invoice done in the month of march&#39;15 and credit note done in April&#39;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 furt....

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....her 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 an....

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....d SUN (Management, Business and Indirect Tax Consultants)<br> Discussion Forum - Knowledge Sharing ....