Credit Note
RAVINDRA GANGADHAR DEVALE (TAX PRACTITIONER) (292 Points)
13 August 2020
Dear sir, My client issued credit note for the month May 2020, How to adjust cr note.
3 Replies
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 13 August 2020
You can show that credit note in next month's/ current month's return.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 13 August 2020
Issue the debit note for the same & report it in your GSTR 1 & 3B .
jayendra Gaonkar
(Asst. Manager)
(216 Points)
Replied 14 August 2020
If customer issues you a credit note then you should book it as debit note in your system. Similarly, you need to show your debit note details only in gstr 1 return. In GSTR 3B you should increase your liabilities upto the extent of such debit note.
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