banner_ad

credit note entry in gst

ITC / Input 269 views 5 replies
User Avatar

55 Points Posted on 12 August 2018
if buyer generate credit note for rate difference what i do entry in gst
Reply Share Follow
On 12 August 2018 at 16:20 Report
Replies (5)
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 12 August 2018
Is Buyer generate Credit note means what/How?
463 Reply
On 12 August 2018 at 17:10
User Avatar

55 Points Posted on 12 August 2018
i mean buyer received credit note what do if it is credit note related for rate difference .
Reply
On 12 August 2018 at 17:35
User Avatar

"Do the Right Thing...!!!"
128147 Points Posted on 12 August 2018
Buyer received Credit Note from. Supplier then in his books he (Buyer) will be enter as Debit Note...

In GST buyer will be less the Credit note Tax value in his next GSTR 3B return...

Seller can show the Credit note in his GSTR 1 return.
463 Reply
On 12 August 2018 at 17:39
User Avatar

24196 Points Posted on 12 August 2018
Yes agreed with Raja sir.
After receiving credit note, the buyer must enter as debit note in books.
In 3B returns, the credit note tax should be lessed with ITC.
161 Reply
On 12 August 2018 at 17:53
User Avatar

7059 Points Posted on 04 August 2019
good clarification and information
33 Reply
On 04 August 2019 at 18:35


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading

Latest Job Openings

View all
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details