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credit note amount

ITC / Input 288 views 6 replies
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ACCOUNTANT
524 Points Posted on 09 February 2018
Nov gstr 3 b already filed, credit note raised in Dec against Nov sales. Now g filed credit note in Dec gstr 1. Amount not reflected in credit ledger. Now how can i get the credit note amount.
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On 09 February 2018 at 21:32 Report
Replies (6)
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banglore
1496 Points Posted on 09 February 2018
amount shown in GSTR-1 will not affect your Electronic credit ledger/ liability ledger as of now. We have to show crefit note in GSTR-3B by netting off with sales for the month to get benifit of reduction in liability 9n account of credit note
6 Reply
On 09 February 2018 at 22:05
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ACCOUNTANT
524 Points Posted on 09 February 2018
Sir can i adjust in Jan 3b, for Dec credit note amount.
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On 09 February 2018 at 22:23
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banglore
1496 Points Posted on 10 February 2018
Yes you can adjust in jan-18 GSTR-3B
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On 10 February 2018 at 07:15
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ACCOUNTANT
524 Points Posted on 10 February 2018
OK thank you sir, but credit note amount is more than the sale value. How to show in gstr 3 b
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On 10 February 2018 at 10:29
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banglore
1496 Points Posted on 11 February 2018
Then show credit note amount in month in which sales amount is more in GStR-3B
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On 11 February 2018 at 12:23
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Indirect Taxation
22 Points Posted on 08 October 2018

Dear Sir,

We have do the clearance with concessional rate of duty i.e. 0.10% to marchant exporter but material has not been export within 90 days, now we liable to pay the differ amount i.e.17.90%. Now how to treat the transaction in GSTR-1? Please advice.

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On 08 October 2018 at 17:54


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