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debit and credit note

Ranjeet Singh (accounts) (379 Points)

21 July 2018

if a purchaser issue debit note to the seller then seller is also required to issue credit note to purchaser.

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4 Replies

Ankita Khanna (6 Points)
Replied 21 July 2018

NO,
The seller is not reqd to issue credit note in that case

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Surjeet Negi (947 Points)
Replied 21 July 2018

seller has to reduced the credit passed on to customer by way of credit note and in such case GST portal of buyer will show such crrdit notes details in his GSTR-2A to provide matching of ITC.

RAJA P M ("Do the Right Thing...!!!") (128096 Points)
Replied 21 July 2018

Yes...

If it's related their business related details If Purchaser give debit note / Purchase return then Seller will be issued Credit note and the Credit note will be shown in GSTR 1 return by seller...