Hello Everyone,
I had a query regarding Debit Note Adjustment. Kindly suggest me as to what can be done.
Case -
A Debit note of purchase has been entered as debit note of sales in Tally in month of Oct 23. (Note :- Due to some error, this debit note has not been uploaded in GSTR-1 in that or any subsequent months till date).
The accounts have been finalized by the auditor for FY 23-24 long back and even ITR and Audit Report have been filed for the said period.
Now since the debit note of purchase has been entered as debit note of sales, hence the effect in the creditor ledger is same. Hence no difference in the creditors ledger.
Now I cannot change the books since it has been finalized. I was thinking of the following entry :-
Date - 1/4/24
Sales @ 18% A/c Dr. 100
(Stock Item - 0.3kg)
Output Cgst A/c. Dr. 9
Output Sgst A/c. Dr. 9
To Purchase @ 18% A/c 100
(Stock Item - 0.3kg)
To Input Cgst A/c. 9
To Input Sgst A/c. 9
Q1. Kindly guide me if this is correct. And what changes can I do in books?
Q2. Should I create a reversal for the debit note (sales) of 7th oct, 2023 and create a seperate debit note of purchase, both on 1st April, 2024?
Q3. Kindly guide me as to how will its effect been shown in GSTR9.
CAclubindia
