credit note

31 January 2018

What should do buyer in gstr3b and gstr1 when credit note issue by supplier?

Please help me.

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2 Replies

Jay Chichani (131 Points)
Replied 31 January 2018

In GSTR 3B ADD AS DEBIT NOTE IN OUTWARDS SUPPLIES & IN GSTR 2 ACCEPT CREDIT NOTE ISSUE BY SUPPLIER. NO EFFECT IN GSTR 1
IF ANY DOUBT READ CGST RULES

Vamshi Krishna Javvaji (CA) (410 Points)
Replied 31 January 2018

The additional amount of GST charged in the Credit note can be availed as credit in GSTR-3B.

It will be reported in supplier's GSTR-1.

If GSTR-2 continues, the buyer may have to accept the same in his GSTR-22.

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