Dear experts in December month First two items billed to registered dealer like 500000 and 300000 plus tax. After the dealer not received 300000 item the same date he wants to reverse the invoice.so I revised invoice To 500000 and submit to dealer on the same date. At the time of filling I filled older invoice in gstr1 and gstr 3b. Right now what i do in January month return amend the invoice or raise the credit note
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Quick Summary
This discussion clarifies how to handle GST invoice discrepancies. When an invoice was initially overstated in GSTR-1 and GSTR-3B but later corrected to a lower amount before submission to the dealer, the correct procedure is to amend the original invoice details in your GSTR-1 filing. While a credit note is typically used for a decrease in taxable value, it's not appropriate here as the invoice itself was revised. The excess tax paid can be adjusted against future tax liabilities by reporting the reduced output tax in the subsequent month's GSTR-3B.
No ...it will not being credited..but you can adjust it through next month's liability. show lesser output tax into GSTR-3B of next month. by this , these two months will get equal to GSTR-1. and into GSTR-1 you can amend your B2B invoice or B2C invoice as the case may be.