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Credit note received in the same month

24 September 2020

what will be the treatment in gstr 1 If we received sales retun of rs 25000in April month and the sale Rs 1lac is also made in the April month.... we have to mentioned this credit not in table no 9 or not.. ?????? or simply minus from the sale and net mentioned in the gatr1 of April

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4 Replies

suresh kumar (Auditor) (22 Points)
Replied 24 September 2020

We have to show separately sales and sales returns. We did not adjust both.

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Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 24 September 2020

In GSTR3B You have to show your outward in Table 3 net of sales return.(i.e Sale bill minus Credit Note)

In GSTR 1 You have to show your B2B sale invoice in B2B sale table i.e table 4 and Also required to show b2b credit note in Credit Note table i.e table 9 sepratelly, whether its relating to sale of this month or earlier month's
B2C sale bill and B2C credit note : Net figure in table 7

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