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Applicability of E Invoice credit note under GST

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bipin

accountant

115 Points Posted on 12 January 2021

we have applicable for e invoice after 1 jan 2021. we issued the tax invoice in june 20 and customer has return the material in oct 20 which are received to us in jan 21

1)can we taken it as a sales return in gstr1
2) canxwe reduce the liability in gstr1 month of jan 21
3) e invoice required if we credit note book in jan 21

Replies (2)

Quick Summary

This discussion clarifies the applicability of e-invoicing for credit notes under GST, particularly for sales returns received after the e-invoicing mandate. It confirms that an e-credit note is required for returns received in January 2021, even if the original invoice was issued earlier. You can report the sales return in GSTR-1 and reduce your GST liability in January 2021 by issuing an e-credit note.

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 12 January 2021

Yes you can show the return in gstr 1 and should file an debit or credit note.
if you claimed ITC then reverse such ITC in jan 21
E invoice is required for credit note