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Purchase Return

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RAJENDRAN PADMANABHAN

26 Points Posted on 10 November 2020

Sir, In October month I had purchase return and party issued debit note. Purchase bill is for the month of October.How will it be treated in GSTR 3B & GSTR 1

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Quick Summary

This discussion clarifies how to handle purchase returns and debit notes issued by a party in October. It explains that these transactions should be treated in the subsequent month's GST filings. Specifically, the debit note increases your sales liability on the GSTR 3B and needs to be reported in GSTR 1 under the CDNR section as a credit note, marked with type 'D'.