we have raised debit note to supplier in may 19 & show in gstr1 may 19.
but I want to reverse that debit note June 20 .
it is correct or not? as per gst act
Replies (4)
Quick Summary
This discussion addresses the correct procedure for reversing a debit note previously issued to a supplier and reported in May 2019, when the reversal is intended for June 2020. It clarifies that while the GST portal might allow amendments, the key consideration is compliance with the GST Act. Amendments are generally permitted up to the September GSTR 3B due date or annual return due date, whichever is earlier, as per Section 37 and relevant circulars. The advice stresses understanding the legal compliance first before relying solely on the portal's functionality.
As per Circular 26./2017 can amend in GSTR 1 of June 2020. Section 37 provides for restriction of amending details for the financial year upto Sept GSTR 3B due date / annual return due date whichever is earlier.
GST Portal is only a tool to implement the law. Therefore, suggest to first understand whether it is compliant in the eyes of the law, and the apply the same in the tool. If the tool goes beyond the law, you may be still held to be non-compliant.
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