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Debit notes in GSTR1

23 March 2019

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 .

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Deepak Gupta (CA Student) (15927 Points)
Replied 23 March 2019

In Form GSTR-3B, value of taxable supplies = value of invoices + value of debit notes – value of credit notes + value of advances received for which invoices have not been issued in the same month – value of advances adjusted against invoices.

So, output tax will be after reduction of credit note issued by the supplier.

In GSTR-1, if you don’t fill the credit/debit note details issued by you, then the output tax liability will be shown as inflated and won’t match with the liability declared in GSTR-3B.