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Debit notes in GSTR1
GSTR1 in Portal gives the option of debit or credit notes . Why should we give debit note details while GSTR-1 is all about turnover details .
Replies (1)
Dear Gayathri,
In terms of section 34(3) of CGST Act, where the taxable value or tax charged in tax invoice for supply found to be less than the taxable value or tax payable in respect of such supply, the registered person would issue a debit note.
Issue of debit note would increase the turnover and in tern GST liability to be discharged. Hence, same to be disclosed in GSTR 1.
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