Upgrade and Save: Get 10% OFF on CAclubindia Pro Subscription! Use Code: SAVE10 Subscribe Now!

Credit note on GSTR1

04 August 2022

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?

Reply
Follow
Share

3 Replies

Radhey Shyam Jha (Student) (1597 Points)
Replied 05 August 2022

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

1 Like

Upgrade to CAclubindia Pro. Subscribe Now!

CA Mayank A Jain (Chartered Accountant in Practice) (1260 Points)
Replied 05 August 2022

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.

2 Like

NICSON JOHN (514 Points)
Replied 15 March 2023

Reverse credit means we have to pay in cash while filing Gstr 3b ?pls reply

Recent Topics

More recent discussions | Post

Related Threads

Popular Discussion

Start a New Discussion

Trending Online Classes

3 Days Certification Course on Tax Audit Under Income Tax Act 1961

CA Pratibha Goyal

Enroll Now

05 August 2024
Live class on PF & ESI Enrollment & Returns Filing(with recording)

Mr.Balamurugan Ranganathan

Enroll Now

26 July 2024
Live Course on Practical GST Filing with Expert Legal Insights

Sachin Jain

Enroll Now

26 July 2023

view all classess

Let's Talk Money: You've Worked Hard for It, Now Make It Work for You

Click here for more bestsellers

Subscribe to the latest topics :

Search Forum:

Forum Home

Popular Threads