Treatment of gst credit memo / credit note


Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 November 2018 Dear Experts, please expalin treatment of Credit note / credit memo in GSTR-3b, how can adjust against outward liability in GSTR3B, please explain in brief.


Avatar

Expert : Anonymous

Profile Image
Expert : Anonymous (Expert)
19 November 2018 Credit Note - Which is issued by You to Your Customers... In GSTR 3B return You ll less the value of Credit note (Basic & Tax) to Your Sales value (Basic & Tax). Show after less the values in GSTR 3B.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
19 November 2018 DEAR SIR, I MY HAVE RECEIVED A CREDIT FROM THE PARTY , KINDLY PLEASE GUIDE , HOW TO PROCEED IN GSTR-3B.

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
21 November 2018 i have received credit notes from my supplier, pls explain clearly the treatment in GSTR-3B , how can adjust against outward liability in GSTR3B, please explain in brief.


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.

25 November 2018 The "CREDIT NOTE" received from supplier. Then It's not shown in buyer's GSTR 1...

Avatar

Querist : Anonymous

Profile Image
Querist : Anonymous (Querist)
26 November 2018 Dear Sir, i my case more more amount of credit notes, then my outward supplies.. please guide me.


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


CCI Pro

Similar Resolved Queries


loading


Unanswered Queries



CCI Pro
Meet our CAclubindia PRO Members

Follow us
add to google news


Answer Query



Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details
Company
29 May 2026
Finance Head

Bhawar Sales Corporation

Chennai

Graduate (Any)

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
ARTICLESHIP 23 May 2026
Article Assistants

Acupro Consulting

Gurgaon

CA Inter

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
CA / MBA (Finance) / CMA / M.Com (Finance)

Sri Aurobindo Gnostic Centre of Education

New Delhi

CA

View Details