Menu
Purchase return GST filing
How to account purchase return and show in GSTR 1 and 3B in the books of buyer and seller
Replies (2)
Quick Summary
In buyer :
In GSTR 3B - He will less the ITC value in his total ITC of the month which is accounted the Purchase return / debit note.
In GSTR 1 - no need to any action except document summary. If issued / prepared debit note.
In Seller :
In GSTR 3B - He will be less the outward values in the Credit note / Sales return.
in GSTR 1 - He will be show the Credit Note details in GSTR 1 return...
In GSTR 3B - He will less the ITC value in his total ITC of the month which is accounted the Purchase return / debit note.
In GSTR 1 - no need to any action except document summary. If issued / prepared debit note.
In Seller :
In GSTR 3B - He will be less the outward values in the Credit note / Sales return.
in GSTR 1 - He will be show the Credit Note details in GSTR 1 return...
I agree with raja p m ji
Recent Topics :
- FAI & FAST-DS 2026 query
- Is GST registration mandatory in this case
- Buying a residential flat in Goa: should my wife b
- Income tax filling
- Applicability of RCM in the case of import of serv
- Confusion in gst registration for service category
- Itc claimed from return defaulters
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
Related Topics :
CAclubindia
