About credit note

#1
Dear sir,
I received credit note from registered company I am also register dealer if I received credit (indirect income)note from company then reverse charge is applicable or not.
 

Raju Choudhary

Administrator
Staff member
#2
you''ll get credit as per sec 140(3), subject to condition mentioned in the sec

Reverse charge is not applicable in your case...... You can shown it as discount received under indirect income...........
 
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