Situation 1.Mr. X sell the product Rs.150000+18% GST but actual rate pf GST 12% how to solve this issue?
Situation 2.Mr. X sell the product Rs.150000+12% GST but actual rate pf GST 18% how to solve this issue?
In situation 1. and 2. How to report this in GSTR 1 and GSTR 3B?
Menu
GST debit /credit note query
Replies (2)
As per section 34 of the CGST act 2017
In first case Supplier Mr X will issue Credit Note of difference amount
In second case supplier Mr X issue Debit Note of difference amount
In GSTR 1 supplier will show in Table 9B
In GSTR 3B supplier will show as - Value of Taxable supply = Value of Invoice + Debit Note - Credit Note
But in this case only change in gst portion and not on taxable value how to report in gstr 1? we need to report only gst portion gstr 1?
Recent Threads
- Built a tool to automate Bank Statement to Tally e
- Normal Register in GST in delhi in gujarat no rece
- ITC availment relationship
- Challan confusion in ITR B block return
- U/s 23 (2)(a) and 23 (2)(b)
- Building a Strong Financial Foundation: Key Accoun
- Long Term Capital Gains for shares
- Hiring Company Secretary Manager with 2 Years of P
- Updated Return _ Deduction
- Turf Club Veterinary Department. Procurement Manua
Related Threads
CAclubindia
