Credit note

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Kkk
1204 Points Posted on 13 March 2021
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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On 13 March 2021 at 16:45 Report
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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.

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CMA
13117 Points Posted on 13 March 2021
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.
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On 13 March 2021 at 17:46
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Kkk
1204 Points Posted on 13 March 2021
Ok thank.u
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On 13 March 2021 at 18:32

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