Hi all. I have a doubt as to how to treat debit note issued (by receipient of goods) in GSTR 1. Whether the same is an outward supply for the recipient of goods or reversal of ITC. As far as I know the same is not covered under the list given under reversal of ITC and also the same construes as supply.
Whether debit notes issued to supplier of goods by recipient of goods to be shown in GSTR 1 of recipient of goods???
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Purchase Returns in GSTR 1
Replies (3)
No...
Only by seller will be shown as Credit Note...
Only by seller will be shown as Credit Note...
when the debit note is issued to suppler is pertaing to purcbase (purchase return) , all purchases or inward related supplies are shown in GSTR 2, not in GSTR 1
But purchase return is treated as supply under GST. As recipient issues the same to supplier, it will be an outward supply for the recipient and he is liable to charge and pay tax on the same. So whether the same is to be shown in GSTR 1 which is a return for outward supplies ?
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