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Credit note received in the same month
what will be the treatment in gstr 1 If we received sales retun of rs 25000in April month and the sale Rs 1lac is also made in the April month.... we have to mentioned this credit not in table no 9 or not.. ?????? or simply minus from the sale and net mentioned in the gatr1 of April
Replies (4)
Quick Summary
We have to show separately sales and sales returns. We did not adjust both.
In GSTR3B You have to show your outward in Table 3 net of sales return.(i.e Sale bill minus Credit Note)
In GSTR 1 You have to show your B2B sale invoice in B2B sale table i.e table 4 and Also required to show b2b credit note in Credit Note table i.e table 9 sepratelly, whether its relating to sale of this month or earlier month's
B2C sale bill and B2C credit note : Net figure in table 7
In GSTR 1 You have to show your B2B sale invoice in B2B sale table i.e table 4 and Also required to show b2b credit note in Credit Note table i.e table 9 sepratelly, whether its relating to sale of this month or earlier month's
B2C sale bill and B2C credit note : Net figure in table 7
Thnq so much... Suresh sir and Sagar sir
Most welcome.........
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