Credited note

ITC / Input 213 views 2 replies

karthick

Accountant

104 Points Joined April 2009

All experts.

Any one reply to my query as follows.

1. 2018-19 financial year we have purchased the material from inter state and the same return to the party due to quality complaint. we have made the tax invoice rasied on behalf of debit note along with return to the material. The party has been claimed ITC our tax invoice and the same material raised the credit note send to us.

The supplier report in GSTR1 input tax invoice uploaded and the same credit note uploaded. so, we how to be reversed ITC but we have already GSTR1 same supply Tax invoice ITC paid.

2. This case how to retified.

Thanks & Regards
Karthick T E

Replies (2)

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

Dear

kindly clarify : For material return whether you have issued the Tax Invoice ???? Whether supplier has accounted that Tax Invoice & claimed ITC , if Yes then how can supplier upload the Tax Invoice in GSTR 1???

karthick

Accountant

104 Points Joined April 2009

Sir, Fist we have purchased the material and then material return to the same supplier ,we have raised tax invoice instead of Debit note and GSTR1 filed from our side and they had claimed ITC. After that supplier side raised one credit note for the above supply.

My question is fist purchase material bill claimed ITC our side but they supplier uploaded GSTR1 September 2019 and the same invoice credit note raised. it's correct or not.

My 2nd question is our side raised tax invoice for the return material. we will raise one credit note and send the party. we will can claim same ITC. it's correct or not

Thanks & Regards
T.E. Karthick