Go AD-FREE with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

Debit note under GST by buyer of goods

Others 280 views 2 replies

anonymous

proprietor

249 Points Joined April 2014

Whether a buyer of goods can issue Debit note under GST?

I purchased goods from A. On receipt of goods, I found out that I was overcharged. Now my supplier is not ready to issue a credit note. I want to know if I can issue a debit note under GST and reduce the taxable value and corresponding input charged on it.

Replies (2)

prasad Nilugal

GST Practitioner & Accounts

15022 Points Joined March 2014

As per section 34 of the CGST act 2017 , only supplier can issue Credit Note or Debit Note , for reasons given in the section 34 of the CGST act , to reduce or to increase tax liability and file the return GSTR1 and GSTR3B
In your case , you can issue Debit Note and show in books of accounts, however no liability will be reduce in the return , unless he ( supplier ) issue credit note and file return .

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

Yes completely agree with Mr. Prasad , As the credit of ITC available to Recepient on the basis of 2B ,So unless until the supplier report the Credit Note in GSTR 1 it won't be reflected in 2B .