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GST CREDIT NOTE QUERY..
Exempted,Nil Rated, non GST supply in this case we need to raise GST credit note or commercial credit note? We need to report in GSTR 1 and GSTR 3B?
Replies (6)
Quick Summary
You may issue credit note
You are issued credit note and Reduce the amount of GSTR-1 and GSTR-3B whatever you sale above given
If it is in regard to sale return then commercial credit note cannot be issued.
Reduce the sale for that particular month report net off amount in GSTR 1 & in GSTR 3B
Reduce the sale for that particular month report net off amount in GSTR 1 & in GSTR 3B
That means we need to report the net sales after the deducting/adding GST credit note and debit note and report the same in GSTR 1 under the table 8 and report the same under the table 3(1)(c) of GSTR 3B
Yes sir
For transactions which are related to Sale then you have to issue GST Credit/Debit note and also reported in your GST Returns to match the Annual Data as per your Account books and GST Records.
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