Credit note
Jyoti Narang (Kkk) (1204 Points)
13 March 2021
if a party issued credit note for discount given on purchase then its iyc to be deducted from 3b.and hpw to report it in gstr1
2 Replies
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 13 March 2021
The seller will upload the credit note in his GSTR1. You need to reverse input tax credit in GSTR3B to the extent of credit note.
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