Do we have to deduct the amount of Credit Note in HSN-wise summary in GSTR-1?

When filling the HSN - wise summary of outward supplies in GSTR-1, in the "total taxable value" filed, do we have to deduct the amount of a credit note on the same SAC for which we are mentioning the outward supplies? For example, if we made outward supplies of 10 lakh and issued a credit note for 1 lakh (but for an invoice in a previous quarter, not the same quarter) for the same SAC, do we mention the value as 9 lakh or 10 lakh?

Thanks for your help.

Replies (3)
Quick Summary
In GSTR-1 HSN-wise summary of outward supplies, the taxable value should be reported net of credit notes. So if outward supplies are 10 lakh and a credit note of 1 lakh relates to the same HSN/SAC, the reported value should be 9 lakh, even if the credit note belongs to a previous period.

You have to mention 9 lakhs.

Thanks a lot for your help.

Welcome Dear

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics :

Loading
Company
ARTICLESHIP 01 October 2026
Articled Assistant

KPSN & Associates LLP

Chennai

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
ARTICLESHIP 15 September 2026
Freelance Taxation Content Writer Intern

Interactive Media Pvt Ltd.

New Delhi

CA Inter

View Details
Company
Featured 11 September 2026
Audit Executive

RBSM Corporate Advisors Private Limited

Pune

CA

View Details
Company
17 September 2026
Chartered Accountant

Dass Gupta & Associates

Gurgaon

CA

View Details
Company
ARTICLESHIP 28 September 2026
Junior Accountant

J S P M & Associates LLP

Pune

B.Com

View Details
Company
20 September 2026
Semi Qualified CA

Navin & Associates

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 18 September 2026
Industrial Trainee

Twenty Point Nine Five Ventures Private Limited

Noida

CA Inter

View Details