Credit note after filing GSTR-1 and DEBIT NOTE note after filling of 3b

@ JASKARAN SINGH,

                                     
                                    Under GST, if a supplier wants to reduce his tax liability due to price revision, he issues GST Credit notes and the recipient is required to reverse the proportionate ITC as per the credit note. If a supplier wants to increase his tax liability due to price revision, he issues debit note and the recipient is entitled to take ITC mentioned in the debit note. If credit note/debit note does not have any impact of tax liability and it being a financial credit note / debit note, then no need to show the same under GST. At any cost, only supplier issues GST credit/debit note. Hope I have cleared your doubt. If doubt still persists, please be elaborate.
 

Sir, 

    If your sold goods are returned due to defect in quality etc., then your value of supply will be reduced to the extent of goods returned. Hence, you are eligible to reduce your tax liability, to the extent of sales return, and thus you need to issue CREDIT NOTE and your recipient has to reverse the proportionate ITC. Still doubt persists, you are free to whatsapp to me on 6380592749