credit note by seller

ITC / Input 259 views 6 replies

Shivish Verma

C A

376 Points Joined August 2009

Sir

my client has sold goods on 31 March 2019 . but the buyer has not accepted the same due to some issue. But seller came to know about this after 10 days. Till then seller has filed gsr 1 by considering that invoice.
Now, he wants to reverse that invoice in gstr 1 of subsequent month.

Can he make credit note on his own and reverse sale. Because the customer will not issue debit note as he never accepted the goods.

What are the options the seller have to reverse the supply in gstr 1

pls help friends

Replies (6)

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

Yes... Seller can prepare Credit note for the supply...

Prepare credit note on April and show the same in April GSTR 1 return...

Shivish Verma

C A

376 Points Joined August 2009

sir how to show in gstr 1. because under 9B , receiver gstin/uin is required. How can I shown gstn no of buyer when he did not accept that sale invoice nd not enrtered in books

CA NEHA RAMPURIA

Taxation Consultant

1823 Points Joined October 2010

As said by you , the seller has filed gstr 1 for the goods sold by him to the buyer , that means the seller must have issued b2b invoice in the name of the purchaser in gstr 1,

so issue credit note in the name of the buyer using his gstin no .

and if it was a b2c supply , then just reduce the taxable value in the month of april of b2c supply

RAJA P M

"Do the Right Thing...!!!"

128147 Points Joined January 2015

Originally posted by : Shivish Verma
	sir how to show in gstr 1. because under 9B , receiver gstin/uin is required. How can I shown gstn no of buyer when he did not accept that sale invoice nd not enrtered in books