Received Credit / debit note

Hello,

I have received one debit note and one credit note as seen in my Gstr 2A ...my doubt is what should I do about the notes ??? Where should I reflect that entry ???

 

Replies (2)
Quick Summary
This discussion addresses how to handle debit and credit notes received and reflected in GSTR-2A. A debit note increases your Input Tax Credit (ITC), while a credit note decreases it. These notes should be reflected in your purchase/expense records accordingly to ensure accurate accounting.

Debit Note will increase your ITC and credit notes will decrease it

Credit Note and Debit Note reflected in GSTR-2A is deducted and added in purchase/expense respectively.

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