Credit Note

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This query is : Resolved

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This discussion clarifies that Flipkart returns should be treated as credit notes and reported in GSTR 1. It also addresses the separate reporting of invoices and credit notes, and the potential for using distinct invoice serial numbers for different sales channels, such as Flipkart and local market sales.

Pragati Sharma

Pragati Sharma (Querist)

05 December 2020 Whether Flipkart Returns are to be treated as Credit Note and to be reported under GSTR 1?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

05 December 2020 Yes, treat it as credit note and report it under GSTR 1.

Pragati Sharma

Pragati Sharma (Querist)

06 December 2020 Sir i have another query.

1. We report net of Flipkart sales in GSTR 1 net of debit note and credit note. In Documents issued we will mention Credit Note Nos?
2. A trader is selling on Flipkart also and in local market also. Flipkart invoices have their own Sl. No. which are generated from software. While the trader uses different serial no. for local sales. Whether he can use 2 Invoice Sl. No. series?

Aashok Kumar Sharma online

Aashok Kumar Sharma

(Expert)

27 December 2020 As per my view:
1. You have to show Invoices and Credit Notes separately always (unless B2C)
2. Not clear what you are asking about. Please provide more details and clarity

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