If I sold goods and some were returned and I dint issue credit note instead supplier issued debit note is it enough or should I also credi note?
And even if I does not issue credit note can I reduce from outear in that month 3b or only if I give credit note I can reduce?
Menu
Credit note
Replies (3)
Quick Summary
In GST for the supplier who is liable to issue vredit/debit note ( Refer Section 34 of CGST Act) , there is reason to it.
When supplier issue the CNT/DNT & upload his GSTR 1 , then only the effect of same is get reflected in GSTR 2A of Recepeint.
So yes you are required to issue Credit Note .
Supposing on the basis of Debit from your supplier you reduce your tax liability in GSTR 3B , but what about GSTR 1 .......
When supplier issue the CNT/DNT & upload his GSTR 1 , then only the effect of same is get reflected in GSTR 2A of Recepeint.
So yes you are required to issue Credit Note .
Supposing on the basis of Debit from your supplier you reduce your tax liability in GSTR 3B , but what about GSTR 1 .......
So it is mandatory that both should issue debit&credit notes right?
For accounting purpose from both & for GST purpose supplier must issue
Recent Topics :
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
- ROC FILINGS FY2025-26
- Mismatch in 26AS
- How Can a Trader Utilise Approximately ₹1.20
- How Can Law Students Present Papers at Conferences
Related Topics :
CAclubindia
