Please help me ,
how to show gst on credit notes ?
is it deducted from output gst liability or shown as input ?
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.
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
