Dear Experts,
Kindly, let me clear wherther a "Credit Note" to be required from the vendor / supplier against "Debit Note" issued for any reason i.e. price qty. shortage, diffrance, wrong tax etc.
Regards, Ravi
3 Replies
Jalpa Joshi
( )
(86 Points)
Replied 08 December 2018
Yes, credit note is required for any kind of change in taxable value, tax to be paid, Qty,price etc.
Pankaj Rawat
(GST Practitioner)
(55057 Points)
Replied 09 December 2018
As per GST point of view Yes credit should be Mandatory from supplier against your debit Note.
As supplier will report that credit note in his GSTR 1 only then it's going to reflect in your 2a Credit Note section
As supplier will report that credit note in his GSTR 1 only then it's going to reflect in your 2a Credit Note section
Madhukar N Hiregange
(Chartered Accountant)
(39039 Points)
Replied 09 December 2018
2A is not mandatory. However to avoid disputes one may use 2A and verify in 3B whether returns filed after payment made by vendor.
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