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sales over reported

18 January 2018

goods were sent for sale and we have file that in gstr 1 accordingly, now we got to know that the buyer has not touched the goods and bill and goods are returned back to us, what is the remedy, please suggest?

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7 Replies

Divakar (Student CA Final ) (11857 Points)
Replied 18 January 2018

Issue credit note

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prasad patro (Accountant) (98 Points)
Replied 18 January 2018

Issue a credit note and mention credit note date,number and value along with original invoice detaills against credit note in Gstr1

ICHITA LOHIYA (ca) (111 Points)
Replied 18 January 2018

if we will issue credit note then the purchaser will issue us debit note but since purchaser has not credited us, will it be a right treatment?

Divakar (Student CA Final ) (11857 Points)
Replied 18 January 2018

But u already filed ur gstr1 and add that bill in ur gstr1 in the name of that buyer... Now u hv to issue credit note.... No need to issue debit note by buyer