GST – Started By: – ARPIT OJHA – Dated:- 1-2-2019 Last Replied Date:- 4-2-2019 – Hello everyone,My query is how to account for the rejected material by the purchaser in Books of Account. The purchaser is denying to issue Debit Note / Rejection Memo. Sale Invoice has already been raised. – Reply By YAGAY andSUN – The Reply = You can simply issue a credit note. As per the provisions of GST Laws, Credit Notes/Debit Notes can only be issued by the seller of goods. – Reply By Spudarjunan S – The Reply = Issue a tax credit note with the GST component as per section 34 of CGST Act, 2017 if you had made domestic taxable supplies or made zero rated supplies with payment of Integrated Tax. By issuing the Tax credit note you reduce your output tax ta
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