Go AD-Free with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

Debit. note

256 views

Save Share

Join Us Follow Us Add as Source

SUMIT BADYAL

709 Points Posted on 14 May 2020

hi, can we take march month debit note in April month?

Replies (5)

Quick Summary

This discussion clarifies the timing for declaring debit notes. Generally, a debit note issued in March but received by the party in April should be accounted for in the April return. It also addresses the scenario of receiving a debit note for damaged goods, explaining that this typically constitutes a sale return, and a credit note can be issued for deficiency in supply under Section 34 of the CGST Act.

POOJA AGGARWAL

director

99 Points Posted on 14 May 2020

Yes, liability related to dr note will be payable will april return only

SUMIT BADYAL

709 Points Posted on 14 May 2020

Debit note date is of march, but the party give in April.
1. so can we show in April return or not?
2. party gave a debit note because he received broken bottles( so we need to get back these bottles or not).

CA Mayank A Jain

Chartered Accountant in Practice

1260 Points Posted on 14 May 2020

You as the supplier would be required to raise a credit note and disclose the same in GSTR 3B and 1. It is suggested to get back the goods however it is not necessary to get back the goods as it could be said that credit note is issued for deficiency in supply of goods.