Debit note and credit note in gst.

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dineshkumar (Querist)
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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 .

CA Anita Bhadra

CA Anita Bhadra (Expert)
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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

dineshkumar

dineshkumar (Querist)
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10 August 2019 Thanks for your valuable reply madam .

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