who is responsible to show credit and debit notes on gst cdnr.
thanks in advance
5 Replies
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 25 January 2020
Supplier is responsible for showing CN in GSTR 1 return...
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 25 January 2020
If debit note prepared by supplier then he can show it in GSTR 1 return...
In case debit note from Buyer then it will be Credit note in Supplier's books and show it in Supplier's GSTR 1 return...
In case debit note from Buyer then it will be Credit note in Supplier's books and show it in Supplier's GSTR 1 return...
Shetty
(Student)
(32 Points)
Replied 25 January 2020
So the buyer does not have to pass any entry of the debit note in his GSTR 3b or 1 ??
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 25 January 2020
@ Mr Shetty.,
Buyer can't enter any of inward supplies related activities in his GSTR-1 return...
But, Buyer can reduce the ITC value based in debit note amount in GSTR 3B return.
Buyer can't enter any of inward supplies related activities in his GSTR-1 return...
But, Buyer can reduce the ITC value based in debit note amount in GSTR 3B return.
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