Credit Note

ITC / Input 192 views 5 replies

Sujan Das

43 Points Joined November 2018

I am a service provider. I have raised invoice against the service which i have rendered on 14.03.2018. But by mistake i have shown more tax value than the invoice in gstr 1. Accordingly i have issued credit note for the difference value on 12.09.2018. And incorporate this credit note in gstr 1 return of December month 2018. Is this correct to regularise my mistake? if no then plz guide how to correct.
I have read that credit note should be incorporated in return of september or annual return whichever is earlier. In my case i have incorporated it in Dec 2018. Is this wrong??
thanks in advance.

Replies (5)

Pankaj Rawat

GST Practitioner

55067 Points Joined June 2017

Yes you absolutely correct :
As per Section 16 (4) :Any Adjustments for FY 2018-19 can be done Upto September 2019 or Annual Return Filed

Hence Rectification for 12/09/18 (FY 2018-19) Can be done till sept 2019

Sujan Das

43 Points Joined November 2018

sir the said case is for fy 2017-18.

Pankaj Rawat

GST Practitioner

55067 Points Joined June 2017

as per order 2/2018 ct , can rectify the entries pertaining, to fy 2017-18 till 31/03/2019

Sujan Das

43 Points Joined November 2018

Pankaj sir, but i have already raised credit note for that by misrake... now if i amend the gstr 1 then how to delete credit note which i have already raised by mistake

neha agrawal

58 Points Joined April 2012

Since you have issued the credit note in Sep 18 . So ideally it should hvae been shown in GSTR-1 of Sep 18. But since you have already file GSTR-1 and alter on disclosed in GSTR-1 of dec 18, so it is fine.