If the receipent has generated Debit Note on portal through filing his GSTR-1 regarding the supply made to him by the supplier, then should the supplier also upload Credit Note in his GSTR-1 against such debit note or not..??
Nitesh Bherwani (5 Points)
23 July 2021If the receipent has generated Debit Note on portal through filing his GSTR-1 regarding the supply made to him by the supplier, then should the supplier also upload Credit Note in his GSTR-1 against such debit note or not..??
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 24 July 2021
Nitesh Bherwani
(5 Points)
Replied 25 July 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 25 July 2021
Yes, the supplier is required to upload credit note in this case.
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 25 July 2021
If the recipient is charging penalty then it is a separate supply and the company will issue invoice..
What you are doing is somewhat alternative but not at all suggested. In this the recipient will issue debit note but not upload in the GST returns. Correspondingly the supplier will issue credit note which he will upload in his GST returns. You will reverse the ITC. But this is not suggested at all.
Issue a fresh invoice for penalty where you become the supplier for tolerance service.
For more further clarification you can mail me
CA Rashmi Gandhi
(Chartered Accountant)
(86220 Points)
Replied 25 July 2021
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