credit note entry in gst
Karan Kumar (55 Points)
12 August 2018
if buyer generate credit note for rate difference what i do entry in gst
5 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 12 August 2018
Is Buyer generate Credit note means what/How?
Karan Kumar
(55 Points)
Replied 12 August 2018
i mean buyer received credit note what do if it is credit note related for rate difference .
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 12 August 2018
Buyer received Credit Note from. Supplier then in his books he (Buyer) will be enter as Debit Note...
In GST buyer will be less the Credit note Tax value in his next GSTR 3B return...
Seller can show the Credit note in his GSTR 1 return.
In GST buyer will be less the Credit note Tax value in his next GSTR 3B return...
Seller can show the Credit note in his GSTR 1 return.
Vinod Babu
(24191 Points)
Replied 12 August 2018
Yes agreed with Raja sir.
After receiving credit note, the buyer must enter as debit note in books.
In 3B returns, the credit note tax should be lessed with ITC.
After receiving credit note, the buyer must enter as debit note in books.
In 3B returns, the credit note tax should be lessed with ITC.
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