Credit Note
RAVINDRA GANGADHAR DEVALE (TAX PRACTITIONER) (286 Points)
13 August 2020
Dear sir, My client issued credit note for the month May 2020, How to adjust cr note.
RAVINDRA GANGADHAR DEVALE (TAX PRACTITIONER) (286 Points)
13 August 2020
Sagar Patel
(Tax and Business Consultant)
(11611 Points)
Replied 13 August 2020
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 13 August 2020
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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