DEBIT NOTE WITH GST

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This query is : Resolved

Quick Summary

If you've raised a debit note to increase an invoice value but forgot to declare it in your GSTR 1 for that month, you can usually include it in the current month's filing. For invoices from April 2022 onwards, simply adjust it in your current GSTR 1 and pay the GST. If the invoice was prior to April 2022, you might need to use DRC-03. The debit note value is typically shown in Table 9 of GSTR 1 and doesn't require a separate payment; it can be adjusted against your current month's credit.

ASHISH ARAT

ASHISH ARAT (Querist)
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07 January 2023 SIR
RAISED DEBIT NOTE TO INCREASE THE VALUE OF INVOICE. FORGET TO CONSIDER THIS IN GSTR 1 IN THAT MONTH. WHAT SHOULD I DO?

CONSIDER THIS IN THE CURRENT MONTH OR MAKE PAYMENT OF DRC FIRST THEN CONSIDER.?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 January 2023 Consider it in the current month GSTR and pay GST if it's related to April 2022 invoice or after.
DRC 03 applicable in case of invoice prior to April 22.

ASHISH ARAT

ASHISH ARAT (Querist)
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07 January 2023 IT BELONGS TO AUG'22 MONTH, MY INPUT IS MORE THAN OUTPUT LIABILITY THIS MONTH EVEN AFTER CONSIDERING IN CURRENT MONTH. DEBIT NOTE VALUE WILL BE SHOWN IN TABLE 9 OF GSTR1 , SHOULD I PAY THE NOTE VALUE SEPARATELY?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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07 January 2023 No need to pay separately.
Adjust it in current month credit.

ASHISH ARAT

ASHISH ARAT (Querist)
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07 January 2023 THANK YOU SO MUCH SIR

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