My supplier issues gst credit notes for quantity discount and gst debit notes forlate payments.
I get these details from 2A.
I do feed these details as journal entry in my books of accounts.
In gst returns, impact of these journal entry comes in Gstr 3B in others column of ITC table.
1.Am i doing wrong by not issuing corresponding debit and credit notes in my books ( as i do make journal entries only)?
2.Am i doing wrong by not showing anything in GSTR 1 in this regard.
3. What will be the consequences on GSTR3B of showing credit debit notes in GSTR1.
Really strucked! Help and advice is highly appreciated.
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Credit and Debit Note Account and Return
Replies (1)
1. No you are correct.
2. Need not to show in GSTR-1
3. No consequences
You are absolutely correct
2. Need not to show in GSTR-1
3. No consequences
You are absolutely correct
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