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Credit note on GSTR1
If my seller is uploading credit note on GSTR1, do I need to upload any debit note on GSTR1? Will that duplicate the taxable amount and ITC too?
Replies (3)
Quick Summary
If seller issues a Credit Note to you that means you have returned the goods that was earlier purchased by you so you don't need to upload any notes in your return... sole responsibility to upload credit note is of seller not purchaser
You don't have to issue any debit note against suppliers credit note under GST.
You only have to reverse credit relating to such credit note in GSTR-3B. There is no disclosure required in GSTR-1 for this transaction.
Reverse credit means we have to pay in cash while filing Gstr 3b ?pls reply
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