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Treatment of gst credit memo / credit note

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Querist : Anonymous

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Querist : Anonymous (Querist)
17 November 2018 Dear Experts,

please explain in brief , the treatment of credit note / credit memo treatment in GST 3b and GSTR-1.
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Dipesh

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Dipesh (Expert)
19 November 2018 Credit note against supply have to adjust against outward liability in GSTR3B & show in column 9B of GSTR-1.
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Querist : Anonymous

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Querist : Anonymous (Querist)
19 November 2018 Dear Dipesh sir, please explain little bit brief treatment in gst-3b, how i can adjust against outward liability.



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CA Siddhartha Bhardwaj

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CA Siddhartha Bhardwaj (Expert)
25 November 2018 If the Credit Note amount = taxable value (Rs. 100) + GST (Rs 18)
In GSTR 3B you will reduce Rs. 100 from the outward supplies and reduce Rs. 18 from the tax liability
In GSTR1 the credit note will be shown separately
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Querist : Anonymous

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Querist : Anonymous (Querist)
26 November 2018 Tq siddhartha sir, for your reply , is there any changes need in 3b for ITC or no effect in ITC regarding credit notes.

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