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Debit note and credit note
How to give effect under GSTR-3B when you have both credit note and debit note (sales return and purchase return)
Replies (1)
Credit Note-1
(Issued by you as a supplier for sales return)
Reduce the taxable value and tax amount from ‘outward taxable supplies’ in GSTR-3B Table 3.1
Credit Note-2
(Issued by your supplier for sales return and debit note for you for purchase return)
Only reverse the corresponding ITC amount in GSTR-3B Column 4B2
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