Credit Notes & Debit Notes: GST

Veera Veera (253 Points)

05 November 2021

Only Credit Note to be shown in GSTR-1??

Debit note to be adjusted through ITC in GSTR-3B??

Reply
Follow
Share

2 Replies

CA Altamush Zafar (GST Consultant) (15971 Points)
Replied 06 November 2021

Debit and credit notes if issued by supplier will have to be shown in GSTR-1.

Adjustment in ITC will be done by the recipient for both the credit/debit note received.

1 Like

CA ABHAY GUPTA (Practice) (3230 Points)
Replied 06 November 2021

Only credit note to be shown in GSTR 1, the debit note will reflect in your GSTR 2B as the supplier will also file credit note in his GSTR 1.

Start a New Discussion