if the supplier has issued credit notes on sales but not reversed any gst through them, gst has been paid on the total invoice amount and gst liability not reduced through credit note then should such credit note be reported in gstr9 in 4I or can be left
Credit notes optional in GSTR9?
Replies (1)
You should report the Credit Note in GSTR-9. Even if you did not adjust the tax liability in your GSTR-3B, the Credit Note must be disclosed to maintain consistency between your GSTR-1, your books, and your annual return, as it represents a formal adjustment to the original invoice value.
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
