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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)
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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