Credit note in GST: what to issue when a customer returns goods, and by when
A credit note in GST is not a refund slip. Here is when to issue one, what it must carry, the 30 November deadline, and how the counter should record a return.
A credit note in GST is not a refund slip. Here is when to issue one, what it must carry, the 30 November deadline, and how the counter should record a return.
GST composition scheme billing uses a bill of supply, never a tax invoice, and the counter cannot charge tax. Here is how to configure a POS so it cannot get that wrong.
The HSN code in billing is four digits or six, depending on your turnover last year. Here is the rule, where it bites in GSTR-1, and how to set it up in your POS once.
The e-invoicing limit is Rs 5 crore aggregate turnover, and it is based on your highest past year, not this one. What that means for your POS and billing counter.
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