Debit note and credit note in gst.
This query is : Resolved
dineshkumar
(Querist)
09 August 2019
Dear Friends ,
In My company working as a Sub Contractor , Contractor asking 1 ) Credit note for Some materiel shortage 2 ) Debit note for Some Materiel rate was hike .
In here am giving Both notes to my Contractor - This is correct or not .
and how to in Show GSTR1 and GST 3B .
In here goods are not taken back and not send back to some one .
In My company working as a Sub Contractor , Contractor asking 1 ) Credit note for Some materiel shortage 2 ) Debit note for Some Materiel rate was hike .
In here am giving Both notes to my Contractor - This is correct or not .
and how to in Show GSTR1 and GST 3B .
In here goods are not taken back and not send back to some one .
CA Anita Bhadra
(Expert)
09 August 2019
Yes , it is correct .
You are service provider and you can issue debit/credit note .
When goods supplied are returned or when there is a revision in the invoice value due to goods (or services) not being up to the mark or extra goods being issued a Debit Note or Credit Note is issued by the supplier.
GSTR 1 - Table 9B
GSTR3B - amount to be adjusted with table 3(1)(a) Value of Taxable Supplies = Value of invoices + value of debit notes – value of credit notes
You are service provider and you can issue debit/credit note .
When goods supplied are returned or when there is a revision in the invoice value due to goods (or services) not being up to the mark or extra goods being issued a Debit Note or Credit Note is issued by the supplier.
GSTR 1 - Table 9B
GSTR3B - amount to be adjusted with table 3(1)(a) Value of Taxable Supplies = Value of invoices + value of debit notes – value of credit notes
dineshkumar
(Querist)
10 August 2019
Thanks for your valuable reply madam .
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