My supplier issues gst credit notes for quantity discount and gst debit notes forlate payments.
I get these details from 2A.
I do feed these details as journal entry in my books of accounts.
In gst returns, impact of these journal entry comes in Gstr 3B in others column of ITC table.
1.Am i doing wrong by not issuing corresponding debit and credit notes in my books ( as i do make journal entries only)?
2.Am i doing wrong by not showing anything in GSTR 1 in this regard.
3. What will be the consequences on GSTR3B of showing credit debit notes in GSTR1.
Really strucked! Help and advice is highly appreciated.
1. No you are correct.
2. Need not to show in GSTR-1
3. No consequences
You are absolutely correct
CAclubindia
