Debit note

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

24 May 2018 Hello,

We have return some material to our supplier he raised Credit Note also it shows in GSTR2.
We need to show Debit Note in our GSTR 1 or Just accept Credit Note in GSTR2 ?

Kindly advice.

Tahnks.

Shashikant Sharma

Shashikant Sharma (Expert)
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24 May 2018 As per your queries, you return some goods. You received credit note from supplier. Supplier should record that in his GSTR-1 and in your case this transaction is related to your purchase. So you have to show in your GSTR-2.

Querist : Anonymous

Querist : Anonymous (Querist)

25 May 2018 So you mean i just accept the credit note in my GSTR2. i don't need to show in my GSTR1.
Can i reverse this credit in GSTR 3B ?

Shashikant Sharma

Shashikant Sharma (Expert)
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26 May 2018 Yes, You have to take action only in your GSTR-2.
About GSTR-3B revision- GSTR-3B is provisional based return and Department are not provide us revised return option. You can adjust the same in your subsequent month GSTR-3B.

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