18 January 2021
We have sold material which was returned for which we issued credit note. this material is now returned by us to the person from whom we have purchased, and for that he has issued us Credit note and we have issued him the debit note. I want to ask:- 1. Can we show these debit notes and credit notes net off in GSTR 3B at point 3(1) or 2. We have to show credit note issued by us and for debit note we have to show in any other ITC and claim ITC of it.
19 January 2021
You have to less the credit note amount issued by you in 3B return and show the said credit note in GSTR1 also which will reconcile the transaction. All the best
CAclubindia
