Credit note

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Gopi Niranjan (Querist)

05 January 2018 I returned goods to my Supplier, he issued a credit note. where can i enter the credit note value. shall i enter it in gstr-1 or gstr-2 ?. i think i have to enter it in gstr-2 because i am a buyer of goods.but gstr-2 is not available for now. what shall i do?

CA Altamush Zafar

CA Altamush Zafar (Expert)

05 January 2018 No need to enter it anywhere just reverse the credits.

RAJA P M

RAJA P M (Expert)

06 January 2018 Yes... You are exactly correct. You can enter the details in GSTR 2. But, It's not available now. So, No need any action in GSTR 1...

Message likes : 1 times

Gopi Niranjan

Gopi Niranjan (Querist)

06 January 2018 i got the credit note in November month. shall i enter the credit notes which are generated for the period for which GSTR-2 is not available in GSTR-2 when it is available or shall i enter the credit notes only in their respective month GSTR-2 ?

RAJA P M

RAJA P M (Expert)

06 January 2018 Yes... If it's available then you can enter the Credit note / Debit note in the month of November or When you received the Credit note you ll enter at the time/month of return...

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