Hi, Experts..
My vendors not filing GSTR1 with
in due date, so we decided to raise debit note for which we couldn't avail ITC around 50lakh,
my questions are below
Can we raise debit note to vendors with descripttion of Penalties or any other descripttion pls suggest way with SAC code.
Is this proper way to raise debit note as per GST act, or any other ways to recover pls suggest..
Thanks ins advance..
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Debit note for not filing GSTR 1
Replies (4)
Quick Summary
It's not proper way to raise debit note to claim ITC..In the month of actual credit it wi reflect again in GSTR-2B .. Discuss with your supplier and try to resolve the issues
Sir, We will take ITC whenever supplier filed invoice, Debit is note is just to recover our working capital interest, as we are regularly informing to file return in time, but no use, irresponsibility of supplier.., he is enjoying interest, we are loosing the same..
But ITC can't be claimed based on invoice as per amended rules and it should be as per GSTR-2B
I will take ITC as per 2B only, there is no deviation in that, I want to punish those not filing in time after several reminders, so we decided to raise debit note, is this ok as per GST act? if yes then what will be the SAC code we use, thank you sir
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