Credit debit note to show in GST returns
This query is : Resolved
16 January 2021
Which of following be the correct procedure
A) I show credit note and debit note in gstr1 and then in next return of March, it will automatically show reduced/increased sales and corresponding tax and ITC. I don't do anything in GSTR3B
Or
B) I give credit note and debit note effect in sales amount and tax amount and ITC amount in gstr3b- but which column I don't know - please guide
And show in GSTR1.
OR any other procedure which is correct
Request for your guidance.
Regards,
A) I show credit note and debit note in gstr1 and then in next return of March, it will automatically show reduced/increased sales and corresponding tax and ITC. I don't do anything in GSTR3B
Or
B) I give credit note and debit note effect in sales amount and tax amount and ITC amount in gstr3b- but which column I don't know - please guide
And show in GSTR1.
OR any other procedure which is correct
Request for your guidance.
Regards,
17 January 2021
Option B should be followed. It is to be clubbed in 3B under outward supplies.
17 January 2021
Thanks sir, for the reply.
I just want to clarify that I am recipient of credit note and debit note.
So still I follow option B or I need to give effect only in ITC? Kindly guide.
Also for ITC effect, should I show it in Table 4- which raw?
Also Do I have to show in GSTR 1?
Thanks once again.
I just want to clarify that I am recipient of credit note and debit note.
So still I follow option B or I need to give effect only in ITC? Kindly guide.
Also for ITC effect, should I show it in Table 4- which raw?
Also Do I have to show in GSTR 1?
Thanks once again.
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