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?
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Credit note
Replies (3)
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
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