Debit note received by me from mrf ltd due to gst tax rate difference.

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Tax Consultants
45 Points Posted on 06 May 2019

Sir,

I have received a Debit Note from MRF Ltd due to GST Tax Rate difference "Instead of charging 28% the charged 18% in their invoice".

My question is whether i have to enter this Debit Note received in GSTR1

or

Have i to just take the input credit generated out of the Debit Note in GSTR 3B?

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On 06 May 2019 at 09:39 Report
Replies (4)
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Accounts Executive
141 Points Posted on 06 May 2019
MRF fill up GSTR1. it will reflect on ur GSTR1 as credit note...
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On 06 May 2019 at 10:13
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Tax Consultants
45 Points Posted on 06 May 2019
This means I will not have to enter the debit notes received from mrf ltd as credit notes in gstr1. it will get automatically reflected in gstr1. right?
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On 06 May 2019 at 10:19
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Bhopal
1095 Points Posted on 06 May 2019
yes it will be automatically reflected in your gstr 2a however you can take itc of differential tax amount.....
1 Reply
On 06 May 2019 at 22:16
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article assistant
59 Points Posted on 07 May 2019

MRF will add supplier invoices (Debit note here) in GSTR 1 and it will automatically reflect in recipients GSTR 2A (Input tax credit). So additional(differential) input tax credit available 

 

 

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On 07 May 2019 at 12:20

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