Menu
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)
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
Recent Topic
- GST Refund of input services under Inverted Duty S
- Dividend Reporting
- Real operational bottlenecks after firms use Tally
- Purchase return under gst
- Long Term Capital Loss - cannot be carried forward
- Cross-utilization of ITC between Trading and Resta
- Form 121 eligibility for non deduction of TDS for
- Gold/silver etf. STCG. how to decalre in ITR at s
- ITR-2 : cash income that does not fall under any h
- Debit note issued to supplier
Related Topics
CAclubindia
