17 April 2024
A WEST BENGAL'S GST HOLDER SOLD/ SUPPLIED A GOODS WITH INVOICE VALUE 1,00,350/- TO AN UNREGISTERED PERSON OF UTTAR PRADESH. NOW THE BUYER OF UTTAR PRADESH HAS RETURNED SOME GOODS TO THE SALER/SUPPLIER OF WEST BENGAL WITH CREDIT NOTE AMOUNT RS. 60,000/- . NOW CREDIT NOTE DEBIT NOTE- B2C LARGE(UNREGISTERED ) TABLE IS APPLICABLE FOR ONLY MORE THAN RS. 2,50,000 INVOICE. BUT THE SUPPLIER HAS PUTED THE ABOVE SAID (RS. 60000 CREDIT NOTE VALUE) CREDIT NOTE BILL IN CREDIT NOTE DEBIT NOTE UNREGISTERED - B2C LARGE TABLE. IS IT RIGHT? OR, WHICH CREDIT NOTE TABLE IS APPLICABLE IN GSTR1 FOR THE ABOVE SAID GST RETURN? PLEASE ANSWER AND HELP ME
11 July 2024
In the GST return (GSTR-1) for the scenario you described, the credit note issued by the supplier from West Bengal to the unregistered buyer in Uttar Pradesh should be reported under the appropriate section in Table 9B (Credit/Debit Notes (Registered) - B2C Large) of GSTR-1. Here’s how it should be handled:
### Understanding the Scenario:
1. **Supply and Return**: The supplier from West Bengal supplied goods with an invoice value of Rs. 1,00,350/- to an unregistered person in Uttar Pradesh.
2. **Credit Note Issued**: The buyer in Uttar Pradesh returned some goods and the supplier issued a credit note of Rs. 60,000/- against the returned goods.
3. **Reporting in GSTR-1**: - **Table 9B (Credit/Debit Notes (Registered) - B2C Large)**: This table is used for reporting credit notes issued to registered persons where the invoice value is more than Rs. 2,50,000/-. Since the buyer is unregistered, this table is not applicable.
- **Table 9B (Credit/Debit Notes (Unregistered) - B2C Large)**: This table is used for reporting credit notes issued to unregistered persons where the invoice value is more than Rs. 2,50,000/-. However, your credit note value is Rs. 60,000/-, which is less than Rs. 2,50,000/-.
### Correct Reporting:
- **Table 9B (Credit/Debit Notes (Unregistered) - B2C Large)**: Despite the name indicating large invoices, this table can be used for reporting credit notes issued to unregistered buyers for any amount, whether large or small.
### Steps to Report:
- In **GSTR-1**, go to **Table 9B (Credit/Debit Notes (Unregistered) - B2C Large)**. - Enter the details of the credit note issued to the unregistered buyer from Uttar Pradesh: - Date of the credit note. - Credit note number. - Credit note value (Rs. 60,000/-). - Original invoice number against which the credit note is issued. - Reason for issuing the credit note (return of goods).
### Conclusion:
The supplier from West Bengal should report the credit note of Rs. 60,000/- issued to the unregistered buyer from Uttar Pradesh in **Table 9B (Credit/Debit Notes (Unregistered) - B2C Large)** of GSTR-1. This table is applicable for all credit notes issued to unregistered buyers, irrespective of the invoice value threshold mentioned for B2C Large transactions. Ensure all details are accurately entered to maintain compliance with GST regulations.
11 July 2024
In the GST return (GSTR-1) for the scenario you described, the credit note issued by the supplier from West Bengal to the unregistered buyer in Uttar Pradesh should be reported under the appropriate section in Table 9B (Credit/Debit Notes (Registered) - B2C Large) of GSTR-1. Here’s how it should be handled:
### Understanding the Scenario:
1. **Supply and Return**: The supplier from West Bengal supplied goods with an invoice value of Rs. 1,00,350/- to an unregistered person in Uttar Pradesh.
2. **Credit Note Issued**: The buyer in Uttar Pradesh returned some goods and the supplier issued a credit note of Rs. 60,000/- against the returned goods.
3. **Reporting in GSTR-1**: - **Table 9B (Credit/Debit Notes (Registered) - B2C Large)**: This table is used for reporting credit notes issued to registered persons where the invoice value is more than Rs. 2,50,000/-. Since the buyer is unregistered, this table is not applicable.
- **Table 9B (Credit/Debit Notes (Unregistered) - B2C Large)**: This table is used for reporting credit notes issued to unregistered persons where the invoice value is more than Rs. 2,50,000/-. However, your credit note value is Rs. 60,000/-, which is less than Rs. 2,50,000/-.
### Correct Reporting:
- **Table 9B (Credit/Debit Notes (Unregistered) - B2C Large)**: Despite the name indicating large invoices, this table can be used for reporting credit notes issued to unregistered buyers for any amount, whether large or small.
### Steps to Report:
- In **GSTR-1**, go to **Table 9B (Credit/Debit Notes (Unregistered) - B2C Large)**. - Enter the details of the credit note issued to the unregistered buyer from Uttar Pradesh: - Date of the credit note. - Credit note number. - Credit note value (Rs. 60,000/-). - Original invoice number against which the credit note is issued. - Reason for issuing the credit note (return of goods).
### Conclusion:
The supplier from West Bengal should report the credit note of Rs. 60,000/- issued to the unregistered buyer from Uttar Pradesh in **Table 9B (Credit/Debit Notes (Unregistered) - B2C Large)** of GSTR-1. This table is applicable for all credit notes issued to unregistered buyers, irrespective of the invoice value threshold mentioned for B2C Large transactions. Ensure all details are accurately entered to maintain compliance with GST regulations.
CAclubindia
