Rectification of GSTR- 3B

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Sr. Accounts Officer
53 Points Posted on 29 April 2021
My tax liability was shown higher than gstr 1 due to one debit note. how can I rectify figures of gstr 3b in next month.
Please advise.

Regards

Vinod
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On 29 April 2021 at 15:29 Report
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Quick Summary
This discussion addresses how to rectify GSTR-3B when a debit note causes a higher tax liability than reported in GSTR-1. The advice suggests that debit notes issued by a taxpayer cannot be directly uploaded in GSTR-1. Instead, the entry should be reversed in the subsequent GSTR-1 filing. Additionally, the vendor should be asked to issue a credit note for the debit note. For GSTR-3B, input tax credit needs to be manually reduced to the extent of the debit note. Once the vendor uploads the credit note, the ITC mismatch will be resolved.

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GST Practitioner & Accounts
15140 Points Posted on 29 April 2021

 1) Are this retrun both GSTR1 and GSTR 3 are for the month March 21 ? 

 2) What is the reason for Debit  Note  issued  by  the  Supplier ?. 

 3)  please  elaborate  in details . 

 

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On 29 April 2021 at 18:22
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Sr. Accounts Officer
53 Points Posted on 29 April 2021
Yes both returns belongs to March 21.

Debit note was raised by me on purchase due to rate difference, which was updated by me in GSTR- 1 of March 21.

Regards

Vinod
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On 29 April 2021 at 19:46
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CMA
13117 Points Posted on 29 April 2021

1) Debit notes raised by you cannot be uploaded as part of GSTR1. If you have already done that, you can reverse the entry when you file GSTR1 for the subsequent tax period.

2) Also ask your vendor to raise a credit note (in respect of the debit note) and upload the same.

3) As far as GSTR3B is concerned, you are required to reverse the input tax credit to the extent of debit note (by manually reducing the ITC). Once the vendor uploads the credit note, ITC mismatch will be taken care of.

1 Reply
On 29 April 2021 at 20:05

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