CREDIT NOTE ISSUE
This query is : Resolved
10 October 2020
Respected Sirs Please guide me and oblige.
One of our suppliers has issued a credit note to us on account of goods returned by us. While filing GSTR-1 there is a tile of debit/credit note, whether the same shall be fed in the same tile with the data of the goods returned.
One of our suppliers has issued a credit note to us on account of goods returned by us. While filing GSTR-1 there is a tile of debit/credit note, whether the same shall be fed in the same tile with the data of the goods returned.
10 October 2020
No, you do not have to report the credit note issued by supplier in your GSTR1.The supplier will report and you have to book the credit note and reduce your ITC in 3B ( if GST credit is given in the credit note).
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- STCG....................................................
- TAN for Partnership
- Sales return eway bill
- AMOUNT RECEIVED UNDER COMPULOSRY ACQUISITION OF AGRICULTURAL LAND
- Suggestions required for income tax filing-software (FY 2025-26)
- STCG FOR GOLD ETFs
- E way bill for tractors
- LTCG for Assmt year 26-27
- GST Registration Horse racing
- Section 43B(h) – MSME Invoice Paid Before Year End but After 45 Days
- Section 54F - Exemption on LTCG in 2026 for HP purchased in 2023
- Sales amount in Gstr1
- CG after sale of flat
- E Commerce GSTR1 & 3B how to file
- Nomination of Bank for refund in itr 2
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
