Live Course on Drafting of Appeal and Reply of Penalty Notice by CA Sachin Sinha. Register Now!!

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

Goyel P. Lotliker (Tax Consultants) (60 Points)

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

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

Reply
Follow
Share

4 Replies

Suvendu Chakraborty (Accounts Executive) (259 Points)
Replied 06 May 2019

MRF fill up GSTR1. it will reflect on ur GSTR1 as credit note...

1 Like

Goyel P. Lotliker (Tax Consultants) (60 Points)
Replied 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?

shailendra shukla (Bhopal) (1741 Points)
Replied 06 May 2019

yes it will be automatically reflected in your gstr 2a however you can take itc of differential tax amount.....

1 Like

jithesh chandran.v.p (article assistant) (72 Points)
Replied 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

1 Like