Credit Note for GST Invoice
Let me show you one example which I’ve extracted from Customs website :
Q : I was a GST registered person under the GST Act 2014 and became a registered manufacturer under the Sales Tax Act 2018 as at 1 September 2018. I supplied taxable goods before the Sales Tax implementation but due to some defective qualities, 10% of the goods were returned after 1 September 2018. A credit note was issued on the returned goods. What is the Sales Tax implication to the buyer if he is a registered manufacturer?
If your buyer is a registered manufacturer and he has claimed input tax credit on those goods he returned to you, then he has to account for output tax in the taxable period he returned the goods within 120 days from the effective date.
Hi Good day~
Thanks for your reply & info.
The custom’s example only mentioned we may account for input or output tax within 120days,
but does not specifically mentioned about the documentation date (either CN issue at current date or must backdate to August).
My understanding on your explanation is that :
1) we only can issue normal credit note with the amount RM106
(same for all the gst goods return on September onward) and
2) declare the gst in August’s return.
Please correct me if I’m wrong. 🙂