Credit Notes

ITC / Input 167 views 4 replies
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43 Points Joined November 2018
I am a service provider. I have raised invoice against the service which i have rendered on 14.03.2018. But by mistake i have shown more tax value than the invoice in gstr 1. Accordingly i have issued credit note for the difference value on 12.09.2018. And incorporate this credit note in gstr 1 return of December month 2018. Is this correct to regularise my mistake? if no then plz guide how to correct
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On 02 March 2019 at 17:31 Report
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CA FINAL
164 Points Joined January 2019
did raised invoice with correct value?.... u only wronly shown excess taxable vaule in gstr 1?


if yes then in my view u must ammend the invoce .. instead of credit note raised

becz if ur invoice is correct and u raised credit note then ur ledger will not match with service receiver ledger
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On 03 March 2019 at 10:42
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43 Points Joined November 2018
first thhanks. for the reply. my invoice was correct... mistake done in gstr 1. can i amend gstr 1 of fy 2017-18 now?? if yes then shall it reduces my present tax liability
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On 03 March 2019 at 14:19
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7059 Points Joined January 2017
thank you and congratulations
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On 03 March 2019 at 17:56
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CA FINAL
164 Points Joined January 2019
yes, you can amend the invoice in the current gstr 1

for ans. of present liability pls tell have u made same mistake in gstr3B?
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On 03 March 2019 at 21:55


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