Debit credit note

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SEEMA MALHOTRA (Querist)
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02 May 2019 Hello Sir,

Our customer has returned the rejected goods on debit note. Party has issued a single debit note for multiple items which we supplied them on different sale invoices.

Now please guide, how to prepare credit note for the above. and how to show it in GSTR1.
GSTR1 is taking only 1 original invoice no. against 1 credit note. while we received a single debit note for multiple invoices.

Please reply.

Thanks
Seema

CA Anita Bhadra

CA Anita Bhadra (Expert)
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02 May 2019 After amendment vide notification no. 02/2019 – Central Tax dated 29th January, 2019 i.e. from 1st February, 2019, the taxpayer can issue a consolidated credit note or debit note against multiple tax invoices.

SEEMA MALHOTRA

SEEMA MALHOTRA (Querist)
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03 May 2019 BUT GSTR1 is not taking multiple original invoice no. against 1 credit/debit note. Please guide, how to deal with it.

CA Anita Bhadra

CA Anita Bhadra (Expert)
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03 May 2019 Should not be a problem
Just check your Debit / Credit Notes contains following particulars :-
Name, address and GSTIN of the supplier; –
Nature of the document; – A consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special characters-hyphen or dash and slash symbolised as “-” and “/” respectively, and any combination thereof, unique for a financial year; –
Date of issue of the document; – Name, address and GSTIN / UIN, in case the recipient is registered; –
Name and address of recipient and the address of the delivery, along with the name of the state and its code, in case the recipient is unregistered; –
Serial number and the date of the corresponding tax invoice(s) or bill(s) of supply, as the case may be; –
Value of the taxable supply of goods or services, the rate of the tax and amount of the tax credited or debited to the recipient; and –
Signature/ digital signature of the supplier or his authorized representative.

SEEMA MALHOTRA

SEEMA MALHOTRA (Querist)
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03 May 2019 OK Mam, Thank you !!

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