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Debit credit note

Purusothaman Raja (195 Points)

25 January 2020

who is responsible to show credit and debit notes on gst cdnr.

thanks in advance

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5 Replies

RAJA P M ("Do the Right Thing...!!!") (127167 Points)
Replied 25 January 2020

Supplier is responsible for showing CN in GSTR 1 return...

pattu raj (5 Points)
Replied 25 January 2020

If so, what about debit note?

RAJA P M ("Do the Right Thing...!!!") (127167 Points)
Replied 25 January 2020

If debit note prepared by supplier then he can show it in GSTR 1 return...

In case debit note from Buyer then it will be Credit note in Supplier's books and show it in Supplier's GSTR 1 return...

Shetty (Student) (32 Points)
Replied 25 January 2020

So the buyer does not have to pass any entry of the debit note in his GSTR 3b or 1 ??

RAJA P M ("Do the Right Thing...!!!") (127167 Points)
Replied 25 January 2020

@ Mr Shetty.,

Buyer can't enter any of inward supplies related activities in his GSTR-1 return...

But, Buyer can reduce the ITC value based in debit note amount in GSTR 3B return.

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