Credit note

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

16 May 2018 Dear Sir / Madam,

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 ...

CA Jyoti singh

CA Jyoti singh (Expert)
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16 May 2018 You have to issue the credit note for the sales return. For the purpose of showing it on the GSTR-1, you can simply enter the credit note details under-
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 (Querist)

16 May 2018 Madam, please confirm where we have to enter credit note ...in GSTR-1 , Please confirm exact table

CA Jyoti singh

CA Jyoti singh (Expert)
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18 May 2018 First, please clarify the nature of credit note-is it from registered party or unregistered party...and whats the amount..Then only I can confirm the exact table

Querist : Anonymous

Querist : Anonymous (Querist)

18 May 2018 Mam, it is from registered party only B2B, The party has already issued debit note.. now we have enter credit note madam for the sales return.

CA Jyoti singh

CA Jyoti singh (Expert)
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19 May 2018 Table- 9B- Credit/Debit Notes(Registered_

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