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Credit Note
Dear sir, My client issued credit note for the month May 2020, How to adjust cr note.
Replies (3)
Quick Summary
You can show that credit note in next month's/ current month's return.
Issue the debit note for the same & report it in your GSTR 1 & 3B .
If customer issues you a credit note then you should book it as debit note in your system. Similarly, you need to show your debit note details only in gstr 1 return. In GSTR 3B you should increase your liabilities upto the extent of such debit note.
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