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Debit note from receiver
if debit note receive from a receiver of goods then what is the best treatment to do in portal . whether shown it ni gstr1 as debit note or deduct it from inputs claimed of that particular month.
Replies (5)
Quick Summary
You have to shown gross input tax credit in other ITC row on portal and seperate amount of Reversal of ITC shown return.
Means I will show debit note in gstr1 and total input claimed will be in grosses amout no deduction from that regarding debit note
Yes, you have to show debit note only in GSTR1
there is no effect on ITC,
you have to deduct same amount from GSTr 3b of next GSTr 3b and reduce your tax liablity as it's your Sale return
there is no effect on ITC,
you have to deduct same amount from GSTr 3b of next GSTr 3b and reduce your tax liablity as it's your Sale return
Can receiver of Goods Issued Debit Notes?? I doubt
Yes sorry I mistakenly write recieve it was issued by receiver
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