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

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