Debit & credit Notes -Issue & ITC
Query (Issue) Started By: – Narendra Soni Dated:- 22-6-2017 Last Reply Date:- 23-6-2017 Goods and Services Tax – GST
Got 5 Replies
GST
Dear Experts,
\nKindly suggest :-
\nWhether Debit note & credit note can be issued by recipient of supplies OR can only be issued by Supplier only.
\nWhether ITC is available on both the Debit & Credit notes, and to whom ITC is available.
\nReply By KASTURI SETHI:
\nThe Reply:
\n ITC is available on the strength of debit notes and credit notes. A registered who issues invoice can issue debit note and credit note.Any taxable person registered under GST is eligible to claim Input Tax Credit provided his final product is taxable or Zero-rated. If the taxable person suppli<\/p>\n
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