Credit note

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article Assistant
1644 Points Posted on 21 June 2020
Assume actual invoice value is 1000 and tax 180.
By mistake GSTR 1 filed as invoice value as 10000 and tax 180.
can I issue credit note for invoice value 9000 and tax 0.? Or is it rectifiable only in annual return?
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On 21 June 2020 at 20:55 Report
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Quick Summary
A user mistakenly filed an invoice with a taxable value of 10,000 and tax of 180 in GSTR 1, when the actual invoice was for 1,000 with 180 tax. They are asking if they can issue a credit note for 9,000 with 0 tax, or if this requires an annual return amendment. The consensus is that amending the invoice in the next GSTR 1 filing is the best approach, as directly issuing a credit note for a nil tax amount might not be permitted by the portal.

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"Do the Right Thing...!!!"
128157 Points Posted on 21 June 2020
Don't worry...😊

You can amend the invoice in Your next GSTR 1 return...

Be happy...😃
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On 21 June 2020 at 21:10
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article Assistant
1644 Points Posted on 21 June 2020
@ Raja Sir, 😀😊😊
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On 21 June 2020 at 21:42
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"Do the Right Thing...!!!"
128157 Points Posted on 21 June 2020
@ Mr David...😀

As per query my reply is the solution....


Note : If You are enter the values as 10k & 18% tax then Tax value will 1800. It's not taken into 180...
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On 21 June 2020 at 22:04
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article Assistant
1644 Points Posted on 21 June 2020
I convey that tax amount is same.. Only taxable value is different.. Assume 9000 shown at nil rate.
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On 21 June 2020 at 22:25
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GST Practitioner
55067 Points Posted on 21 June 2020
It's better to Amend the Invoice.

I agree with Mr. Raja Ji , but as per your query you have reported taxable Amount Rs. 1000/- & the Tax amount which is 180 ( auto calculated ) but have wrongly report the Gross Amount Rs . 10000/- . so In my view you have entered the taxable amount & tax amount correctly

So in this case yes the credit note can be issue for 9000/-, but the portal will not allow you to enter the credit note without taxable amount & Tax amount therein.

So it's better to amend the invoice.
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On 21 June 2020 at 23:28
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GST Practitioner
55067 Points Posted on 21 June 2020

Sorry you need to issue credit note for 8820/- (1180-10000)

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On 21 June 2020 at 23:33

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