How to create the credit note for a supplier. For example: I have purchased goods on credit and my payment is delayed. Supplier gives me a debit note for interest amount for it. Against that we need to create a credit note. In our GST summary also it should come as a credit note otherwise it wont match against the suppliers Debit note
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I ran into this headache too, and what saved me was making sure the credit note was created as a Purchase Return with the right GST tax template. If the tax rows match the original invoice, it pops up fine in the GST summary. I also had to tick the claim reversal box in the tax table or it refused to show up. Kind of a fiddly setup, but it works.
The Journal Entry is the solution.
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