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Debit note for not filing GSTR 1

177 views 4 replies

shiva kumar

Accountan

40 Points Joined January 2010

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..

Replies (4)

Eswar Reddy S

CFO- at NHTF

58280 Points Joined August 2012

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

shiva kumar

Accountan

40 Points Joined January 2010

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..

Eswar Reddy S

CFO- at NHTF

58280 Points Joined August 2012

But ITC can't be claimed based on invoice as per amended rules and it should be as per GSTR-2B

shiva kumar

Accountan

40 Points Joined January 2010

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