The rule for Credit Note issue and reporting in return in case of Sales Return is - suppose the sale made in Sept'18 and the buyer returned part of the goods during Oct'18, the seller is required to issue credit note during the month of Oct'18 and show this in the GSTR-1 for Oct'18, right?
If the seller files his return under quarterly mode, then? I guess in that case this credit note will have to be shown in the quarterly GSTR-1 for the quarter Oct-Dec'18, right? Please Confirm.
Now, the query arises that what about the sale figure for the month of Sept'18 to be reported in GSTR-3B and GSTR-1? whether the sale amount is to be reported after adjusting the sales return or not? If the original sales value to be reported without reducing the sales return, doesn't that mean the seller has to pay higher tax for the period July-Sept? Please elucidate the matter.
Further, if the sales return made by the unregistered buyer, in that case, whether credit note to be issued or any other document? And how to report the same in return? Please clarify.
CAclubindia
