Credit Note - GST

THARUNKUMAR.R (Article Assistant) (168 Points)

24 May 2018

Is it possible to set off my GST liability with input credit shows in Credit note. if so then what will be the procedure ?

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4 Replies

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 24 May 2018

YES U CAN SHOW THE NET SALES (SALES - CREDIT NOTE) IN GSTR_3B

THARUNKUMAR.R (Article Assistant) (168 Points)
Replied 24 May 2018

Ok ...Thank you...What if I have shown actual sales in earlier period..i.e.Not reducing credit note from sales

CA Naveen Chand (Chartered Accountant) (12729 Points)
Replied 24 May 2018

REDUCE IN NEXT

Surjeet Negi (947 Points)
Replied 29 May 2018

you may add such credit note in next month GSTR-3B and subsequently show in GSTR-1 of said month if the same has not been reported in earlier GSTR-1.

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