Credit note and debit note reversal

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Pragna Marfatia (Querist)
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16 January 2021 I have got credit note from Amazon and debit note from a transportation service provider.
How to reflect credit note and debit notes in GSTR 3B and GSTR 1. Also how to reflect in ITC.
Please guide, I am totally confused.

Lekhraj sood

Lekhraj sood (Expert)
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17 January 2021 I assume Amazon has given credit note as supplier (commission service).You do not have to show in GSTR1 but take ITC effect in GSTR3B.

Pragna Marfatia

Pragna Marfatia (Querist)
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18 January 2021 Thank You Sood Sir,
Yes, Amazon has issued me credit Note.
So, I have to reverse credit note GST amount in Table 4(2) (B) and I don't have to do anything in Table 3.1, not to show anything in GSTR1- Is the understanding correct?
Similarly, Logistics Provider has issued me debit note. So I increase my ITC amount to that extent alongwith normal ITC in Table 4 and don't have to show anything in Table 3.1, not to show anything in GSTR1 - Is the understanding correct?
Can I net off credit and debit note amount or better to show separately.?
Will be greatful for your guidance.

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