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credit note amount

NAGA (ACCOUNTANT) (514 Points)

09 February 2018

Nov gstr 3 b already filed, credit note raised in Dec against Nov sales. Now g filed credit note in Dec gstr 1. Amount not reflected in credit ledger. Now how can i get the credit note amount.

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6 Replies

sujith kumar dasa (banglore) (1496 Points)
Replied 09 February 2018

amount shown in GSTR-1 will not affect your Electronic credit ledger/ liability ledger as of now. We have to show crefit note in GSTR-3B by netting off with sales for the month to get benifit of reduction in liability 9n account of credit note

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NAGA (ACCOUNTANT) (514 Points)
Replied 09 February 2018

Sir can i adjust in Jan 3b, for Dec credit note amount.

sujith kumar dasa (banglore) (1496 Points)
Replied 10 February 2018

Yes you can adjust in jan-18 GSTR-3B

NAGA (ACCOUNTANT) (514 Points)
Replied 10 February 2018

OK thank you sir, but credit note amount is more than the sale value. How to show in gstr 3 b

sujith kumar dasa (banglore) (1496 Points)
Replied 11 February 2018

Then show credit note amount in month in which sales amount is more in GStR-3B

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SATISH (Indirect Taxation) (22 Points)
Replied 08 October 2018

Dear Sir,

We have do the clearance with concessional rate of duty i.e. 0.10% to marchant exporter but material has not been export within 90 days, now we liable to pay the differ amount i.e.17.90%. Now how to treat the transaction in GSTR-1? Please advice.