How to show financial credit note received from supplier in our gstr 9 and gstr 9c?

How to show financial credit note received from supplier in our GSTR 9 and GSTR 9C?
 

Replies (5)

Anyone know?

 

please provide more information

In GSTR 9 – under 4I

In GSTR 9C – Show net off value

I have received discount from my supplier in the form of financial credit note. It is shown in my P and L account in the income side as Discount received Rs 1,50,000/-. I believe that this amount will not appear anywhere in GSTR 9. In GSTR 9C I start by showing the total of the entire income side (Sales Rs 2 Crores + Discount received Rs 1,50,000/-) and include a negative figure in PT. II (5) (O) for Rs 1,50,000/-... Is this correct?

Now you are correct sir

In GSTR 9, there will be no effect on details of taxable turnover

under 9C shall be disclosed

 

I have understood regular credit note - this can be either trade discount or quantity discount - will have no impact on GSTR 9 

only have impact on GSTR 9C since you are showing total income which include discount received

 

What you are following is correct

 

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