Credit note - gst

ITC / Input 330 views 5 replies

Ashok kumar

CA Final

592 Points Posted on 22 June 2018

Dear Team,

we are manufacturor of some products, and we are selling thru distributor - dealer chennal, we are also running some festival schemes, like for sale achievement we will give some rewards.

this rewards are by way of issuing credit notes only.

If my memory is correct, we should charge GST for the achieved amount along with the credit note,
if so, how will we show this credit notes thru GST returns, and what will be the impact if the receiver failed to file the relevant debit note?

please help me in this regards
- Ashok

Replies (5)

Ravi SADhiyan

Practice

4510 Points Posted on 22 June 2018

Originally posted by : Ashok kumar
	Dear Team, we are manufacturor of some products, and we are selling thru distributor - dealer chennal, we are also running some festival schemes, like for sale achievement we will give some rewards. this rewards are by way of issuing credit notes only. If my memory is correct, we should charge GST for the achieved amount along with the credit note, if so, how will we show this credit notes thru GST returns, and what will be the impact if the receiver failed to file the relevant debit note? please help me in this regards - Ashok

In My Opinion You are required to take Debit Note ( n Point of View of Dealer ) related to service through which Target achive.

For Example

You Sale Rs. 100,000/-

GST Rs. 18,000/-

On Rs. 100,000/- sale you provide Rs. 1000/-

Dealer Give You Debit Note of Rs. 1000/- ( Inclusive GST Amt )

Ashok kumar

CA Final

592 Points Posted on 22 June 2018

thanks for your reply sir,

how to show in the GST return? under which form?

Ravi SADhiyan

Practice

4510 Points Posted on 22 June 2018

Originally posted by : Ashok kumar
	thanks for your reply sir, how to show in the GST return? under which form?

Here Debit Note is Invoice

You Show in GSTR-3B as service receive.

RAJA P M

"Do the Right Thing...!!!"

128152 Points Posted on 22 June 2018

@ Ashok Kumar.,

The Dealer or the Distributor can't shown his Debit note in GSTR returns except GSTR 3B...

But,
You can show Your credit note details in Your GSTR 1 return as "Credit / Debit note - Registered"...

Also you can show the details in Unregistered column if dealers are URD...