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CREDIT NOTE - GOOD RETURN

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CREDIT NOTE - GOOD RETURN

Post by honeystar34 on Thu Apr 23, 2015 4:20 pm

Hi all,
we are trading company for packed food & drink.

We are now having problem with the issuance of credit note.

When customer return goods to us, its usually come with a  whole bunch of products,
lets say 12 items of goods & stated in 1 good return note.

According to gst rulling, credit note to issue must contain : number & date of the original invoice.
But for this 12 goods item, there are origin from 12 invoice issued previously.

In this case, can we just issue 1 credit note and notify against any of 1 invoice,
or we must issue 12 credit note (to credit against 12 invoice)?

pls help~~

honeystar34

Posts : 8
Join date : 2015-04-23

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Re: CREDIT NOTE - GOOD RETURN

Post by joseph on Thu Apr 23, 2015 5:51 pm

1 credit note will do. Just state all the 12 invoice numbers and their respective dates on the face of the credit note.

_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

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Re: CREDIT NOTE - GOOD RETURN

Post by joseph on Thu Apr 23, 2015 5:58 pm

If your accounting software does not allow you to capture multiple imvoice particulars, you may have to do 1 credit note per tax invoice.

_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

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Re: CREDIT NOTE - GOOD RETURN

Post by honeystar34 on Thu Apr 23, 2015 11:08 pm

Thx Joseph for ur reply =)
if 1 credit note, do we need to specifically stated in the credit note, per item to which invoice there are credited to?
Says item A - credit against invoice no. 00001
Item B - credit against invoice no. 00015
Item C ....
Is it necessary to notify customer In such a detail way?

honeystar34

Posts : 8
Join date : 2015-04-23

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Re: CREDIT NOTE - GOOD RETURN

Post by joseph on Fri Apr 24, 2015 10:26 am

No need such details, just make reference to the original tax invoices.

_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

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Re: CREDIT NOTE - GOOD RETURN

Post by Chiang on Sun Jun 14, 2015 3:08 pm

Hello,
I issued credit note to a tax invoice but wrong quantity. How do i adjust the wrong credit note.

Chiang

Posts : 1
Join date : 2015-06-14

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Re: CREDIT NOTE - GOOD RETURN

Post by joseph on Mon Jun 15, 2015 10:06 am

Issue another Credit Note or Debit Note, and make reference to the original Tax Invoice and the wrongly issued Credit Note.

_________________


DISCLAIMER:
Any opinion expressed is strictly my personal view based on my understanding and interpretation of the GST Act 2014, Regulations, Orders, DG's Panel Decisions and Customs' Guides. You should seek advice from experts and/or the Customs Dept if the subject matter is significant to your business.

joseph

Posts : 277
Join date : 2014-09-25

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