Menu
MSME RECEIPT
Upon receipt on Msme interst on delayed payment. how should it be shown in gstr 1 and gstr 3b?
Replies (3)
From MSME point of view, they will issue credit note for such interest on delayed payment, therefore they will issue Dedit Note. These debit note will appear in GSTR 1 as the tax liability is going to increase.
Can the other party claim credit of the debit note issued against the debit note
Recepient needs to book credit note entry in his books and of which itc credit is available.
Recent Threads
- Rcm invoices and normal invoice
- Regarding STCG on Equity
- GSTR 9 details with same PAN & different Turno
- Hotel ITC
- ITR for Trust- 12A
- Proprietorship to Pvt Ltd - Is Slump Sale / BTA ma
- Pan and Aadhaar Link Issue
- Fund Transfer to Foreign Country and TCS provision
- ITR updated return
- Company change Status from CIRP into Active
Related Threads
CAclubindia
