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Credit note

Manoharan Natarajan (33 Points)

23 March 2018

credit note submitted in GSTR1
when adjust in credit ledger ?

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4 Replies

Piyush Khandelwal (68 Points)
Replied 23 March 2018

When the recepient also files its return (GSTR 2) and discloses the credit note else there will be mismatch and further consequences as per section 42 & 43.

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CA Altamush Zafar (GST Consultant) (15961 Points)
Replied 23 March 2018

Do the adjustment in the month's GSTR-3B

RAJA P M ("Do the Right Thing...!!!") (127984 Points)
Replied 23 March 2018

(credit note submitted in GSTR1
when adjust in credit ledger ?)

Which month You are giving the CREDIT NOTE, You can adjust the Tax on the same month of the Credit Note...