Credit note
Querist : Anonymous
i have sales return form one of buyer, who issues debit note for Rate difference , because at the time raising invoice i have taken a tax rate of 18% , how ever due to changes to tax rates by govt , now the Product GST rate is 5 % , the Difference of tax rates , i have received a Debit note form buyer, kindly suggest me where to enter Debit note in my GSTR-1 , whether i have to raise Credit note for sales return or not, if yes please guide after raising of credit note where i have to enter Credit note in GSTR-1 .
please help me ...
1. CDNR- If the credit note is raised to a registered person
2. CDNUR- If the credit note is raised to a inter state unregistered party having value above Rs.2,50,000/-
3. B2CS- If it does not fulfill any of the above criteria, adjust the same with the sales of the respective state.
Hope the same is clear to you.
Any further queries or remarks are welcome.
Querist : Anonymous
Querist : Anonymous
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