Credit note

if a party issued credit note for discount given on purchase then its iyc to be deducted from 3b.and hpw to report it in gstr1
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Quick Summary
This discussion clarifies the process for handling credit notes related to purchase discounts. The seller must report the credit note in their GSTR-1 filing. Consequently, the buyer needs to reverse their input tax credit (ITC) in GSTR-3B to match the value of the credit note.

The seller will upload the credit note in his GSTR1. You need to reverse input tax credit in GSTR3B to the extent of credit note.
Ok thank.u

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