Credit note not show by supplier in his GSTR -1
my supplier not show the details of Credit note issue by him in his GSTR -1 . so now can I show in my gstr -1 the debit not issue by us. or what other option we have. please explain.
Replies (8)
Quick Summary
You can show in your GSTR 1
Buyer doesn't show purchase or purchase return in GSTR-1
We can show them
You can report the debit note raised against the purchase in GSTR 1.
Yes, the restrictions is applicable only with respect to availment of ITC and not in this case
1) Showing such transactions in your GSTR1 is not appropriate.
2) Instead, you deduct such difference from input tax credit while filing GSTR3B.
Since you are availing ITC which is less than that declared by the supplier, there is no loss of revenue for govt.
I already deduct ITC from my side but the supplier did not show credit not till Date.
Just send reminders to the supplier and keep them as supporting documents, if required in future.
Recent Topics :
- Pan surrender via online
- EPFO Portal Issue – Unable to Save Employee
- Plant & Machinary
- ITC reversal after supplier amended the recipient
- GIFTS TO USEFUL CONTACTS ON FESTIVALS INCOME TAX
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
Related Topics :
CAclubindia
