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SATNAM SINGH (ACCOUNTS MANAGER)     26 August 2021

Treatment of Debit note against goods returned in GST Return

We are returning material back to supplier and issued a Debit note for the same. Do we need to enter Debit note in GSTR-1. or we just need to reduce our GST input and no treatment in GSTR 1.



 4 Replies

99rajendra

99rajendra   26 August 2021

You have to get Credit Note from vendor and he has to file the same in GSTR 1. Based on his credit note you have to reduce your ITC.
CA Altamush Zafar

CA Altamush Zafar (GST Consultant)     27 August 2021

Reduce your ITC. No need to show in GSTR-1

Issue an accounting credit note for reconciliation of accounts.

1 Like
SATNAM SINGH

SATNAM SINGH (ACCOUNTS MANAGER)     27 August 2021

Thanks a lot can you share any authentic reference if any i want to prove it to someone

CA Altamush Zafar

CA Altamush Zafar (GST Consultant)     27 August 2021

Gstr1 only related to outward supply.

For you it was an inward supply which you are returning

That will be enough explanation to prove.


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