Debit note credit note
if company uploaded Credit note in GSTR1 against out GST, then is it necessary for us to issue debit note for the same?
Replies (5)
Quick Summary
Credit note is raised or issued by a seller or a vendor whereas a debit note is issued by a purchaser or customer. ... When a credit note is issued, sales return account is debited and customer account is credited whereas when a debit note is issued, supplier's account is debited and customer's account is credited.
The reporting of credit/debit notes on the GST portal was made in GSTR-1. It can be classified as follows: Credit note/debit note issued to unregistered persons (B2C supplies): It must be declared in Table '9B – Credit/Debit Notes (Unregistered)'
Thank you.
my concern or my question is whether we need to counter issue debit note everytime seller issues credit note??
my concern or my question is whether we need to counter issue debit note everytime seller issues credit note??
You will issue debit note but it will only for accounting purpose. You will not upload such document in your gstr-1 since you are the purchaser.
Yes you need to but it will be a part of purchase register
What if the receipent has already generated Debit Note on portal towards his supplier but supplier has not uploaded Credit Note for the same...then is it necessary for the supplier to upload Credit Note in its GSTR-1..???
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