Please help me ,
how to show gst on credit notes ?
is it deducted from output gst liability or shown as input ?
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Credit notes , gst on credit notes
Replies (2)
Deduct credit note taxable value and tax amount in GSTR-3B column 3.1(a), i.e. from outward taxable supplies.
Value of Taxable Supplies = Value of invoices + value of debit notes – value of credit notes + value of advances received for which invoices have not been issued in the same month – value of advances adjusted against invoices
@ Durga Prasad : You should deduct it from Output GST Liability.
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