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Credit note cancel

Surya S (68 Points)

15 July 2021

I filed GSTR 1 credit note to registered party but there is no credit note. so how to cancel the credit note

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16 Replies

prasad Nilugal ( GST Practitioner & Accounts ) (14692 Points)
Replied 15 July 2021

please your elobarate query in detail , Why you issued credit note ?. for Goods return or rate difference etc .

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Surya S (68 Points)
Replied 15 July 2021

In GSTR 1 credit note submitted wrongly in that month no credit note actually

prasad Nilugal ( GST Practitioner & Accounts ) (14692 Points)
Replied 15 July 2021

Have you given original Invoice number in that wrong credit Note ?.

Surya S (68 Points)
Replied 15 July 2021

No only credit note number given

CMA Poornima Madhava (CMA) (13112 Points)
Replied 15 July 2021

Raise a debit note against the credit note and upload it as part of the next return.

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Surya S (68 Points)
Replied 15 July 2021

What is the impact

CMA Poornima Madhava (CMA) (13112 Points)
Replied 15 July 2021

Impact is reversal of credit note

Surya S (68 Points)
Replied 15 July 2021

Can I raise a new debit note or can I amend the credit note as debit note in GSTR 1 amendment credit note column

CMA Poornima Madhava (CMA) (13112 Points)
Replied 15 July 2021

Amending c/n as d/n will not solve the problem You need to raise a debit note against the credit note and disclose the liability in gstr1

Arpit Tiwari (12 Points)
Replied 15 July 2021

As per your query if you have committed mistake only in your GSTR 1 then by using ammendment you can make it zero and effect will nullify but but if you have committed the same mistake in your GSTR 3B also then Raise a debit note for increasing the liability in GSTR 1 as well as pay the tax in GSTR 3B

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Surya S (68 Points)
Replied 15 July 2021

Only committed mistake in GSTR 1 but using amendment I can't make it zero . credit note value and taxable make zero not saved . it shows a notification that add a item .what to do

Arpit Tiwari (12 Points)
Replied 15 July 2021

Ammendment is allowed with Zero whether it is an Ammendment of outward supply invoice or debit credit note........if still not get saved then try Rs.1.....

CA. Heet Shah (Tax Consultant & Practitioner) (6180 Points)
Replied 16 July 2021

You need not amend CN as DN Other wise it will have double impact . You just need to issue DN against same CN to reverse the impact of CN

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Balakrishna Mnr (4 Points)
Replied 25 November 2023

Sir, 1st Nov 2023 we prepared Credit note against (e-invoice) invoice but clint not accepted that credit note, he said not required Credit note. now what I can do.