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Credit note after filing GSTR-1 and DEBIT NOTE note after filling of 3b

27 April 2020

if I received a credit note (debit note of customers) after filing of GSTr1 ....in that case where should I mention this credit note that I received after filing of return....

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7 Replies

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 27 April 2020

In GST the Credit/Debit can issue Supplier only .
Hence Issue the Credit Note customer & report in GSTR 1 :
B2b : Under Table 9
B2C ; Reduce it from value of B2C sale & report net sale under table 7

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JASKARAN SINGH (430 Points)
Replied 27 April 2020

Thnku but sir if it received debit note from supplier after filing GSTR 1 Of that month.... then??

MARIES (GST Consultant) (219 Points)
Replied 27 April 2020

@ JASKARAN SINGH,

Under GST, if a supplier wants to reduce his tax liability due to price revision, he issues GST Credit notes and the recipient is required to reverse the proportionate ITC as per the credit note. If a supplier wants to increase his tax liability due to price revision, he issues debit note and the recipient is entitled to take ITC mentioned in the debit note. If credit note/debit note does not have any impact of tax liability and it being a financial credit note / debit note, then no need to show the same under GST. At any cost, only supplier issues GST credit/debit note. Hope I have cleared your doubt. If doubt still persists, please be elaborate.

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JASKARAN SINGH (430 Points)
Replied 27 April 2020

Thnku sir but pls confirm if I got sales return back after filing gstr 1 of that month..... how will treat this situation???

Rajkumar Patel (602 Points)
Replied 28 April 2020

I should be shown in GSTR-3B and such credit will be shown in next GSTR-1. There is no problem. Only that record should be maintained.

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MARIES (GST Consultant) (219 Points)
Replied 28 April 2020

Sir,

If your sold goods are returned due to defect in quality etc., then your value of supply will be reduced to the extent of goods returned. Hence, you are eligible to reduce your tax liability, to the extent of sales return, and thus you need to issue CREDIT NOTE and your recipient has to reverse the proportionate ITC. Still doubt persists, you are free to whatsapp to me on 6380592749

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Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 28 April 2020

Dear Jaskaran
If Receptient received Debit Note from Supplier , then such debit note not required to Report in GSTr 1 by Recepeint , as it is purchase related & Form GSTR 1 is to report only Outward supply .

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