Debit credit note

ITC / Input 100 views 1 replies

As a seller I have cherged excess amount + GST from my buyers in earlier months.

Now I have to reduce the rate.

What should I do now?

Whether I should issue credit note?

Is there any need to get Debit note also from the buyer?

and in which GST return I will declare such Notes??

Thank you

Replies (1)
debit note or credit note can only be issued by the seller and not the buyer
it will be shown in gstr 1 and also adjust it in gstr 3b table 3.1


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register