Can we issue financial credit note against non-payment by recipient of goods to save at least income tax?

    By
    admin
    -
    0
    140
    Back to Archive
    Keyword
    Select Category
    Question Status
    Ask Question
    0
    admin
    Aug 24, 2023 05:44 PM 1 Answers Tax Invoice Credit and Debit Notes
    Member Since Feb 2023
    Closed
    Subscribed Subscribe Not subscribe
    Flag(0)
    0 Subscribers
    Question is closed, you can't answer or comment.
    1 Answers
    Sort By:
    Best Answer
    0
    admin
    Aug 24, 2023
    Flag(0)

    Yes, for income tax, instead of issuing financial credit note, one can simply write off the balance. He will get requisite income tax deduction without effecting any implications under GST.