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?
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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?
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