Poonawalla fincorps
Poonawalla fincorps

Treatment of debit/credit notes in gstr-1 under gstn system

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Querist : Anonymous

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Querist : Anonymous (Querist)
06 January 2018 Dear members,
Please clarify the following:

If sales return from the (B2B) customer, i.e. credit note issued by us where to show in gstr1 (Reduction/Adjust/Decrease the tax liability from the earlier amounts paid through GSTR 3B).

If additional charge to the customer(B2B), i.e. debit note issued by us where to show in gstr1 (Increase the tax liability apart from the earlier amounts paid through GSTR 3B).

Treatment of the above transactions in GSTN system. These are the accounting entries.
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Udaya Chandran

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Udaya Chandran (Expert)
08 January 2018 Show the debit note in 9th column in GSTR 1 and credit note in 6th column in GSTR 2

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