sir,
in GST
whether credit note is required to give by supplier(vendor) only?
or
is it also required to give the debit note by buyer to vendor also against the above credit note he received.
please clarify anyone
13 Replies
Sujit Saha
(243 Points)
Replied 06 October 2017
Only for suppliers to issue credit note to his buyers. For buyers. For buyers debit note is not necessary
Sujit Saha
(243 Points)
Replied 06 October 2017
Only for suppliers to issue credit note to his buyers. For buyers. For buyers debit note is not necessary
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 06 October 2017
Yes....
Both transactions is allowed/Applicable...
SAMMAIAH
(P)
(57 Points)
Replied 06 October 2017
@ raja sir
pls give more clarity for your post.
since, we are in dilemma/ambiguity
pls give more clarity for your post.
since, we are in dilemma/ambiguity
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 06 October 2017
Plase reply the Following Transactions....
Your Sales :
In case your customer ll return the Goods. Then What documents he ll give you...? & How to you Account in your Books...?
Your Purchase :
In case you ll return Purchased Goods to Your Supplier. Then What documents You ll give to the Supplier...? & How to you Account in your Books...?
Sujit Saha
(243 Points)
Replied 06 October 2017
But sir, when I m issuing a credit note to my customer, automatically it's get credited as payment in his account on my ledger and the same time he is also debits it on my account in his ledger. If there is involvement of transport, than the buyer should issue a debit note to the supplier
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 06 October 2017
Dear Raja P M Sir.,
Please give me the solutions in Your view...
SAMMAIAH
(P)
(57 Points)
Replied 06 October 2017
@ raja sir,
in normal accounting in books:
if my customer returns the goods, I will issue cr.note
if I return the goods then I will issue Dr. note
but my doubt is, how uploading of this transaction will done..
some of the people said that, supplier only upload in GSTR 1 for the credit note he raised, since he is the supplier...
then buyer will accept in GSTR2A...then reflect in GSTR 2....so that amendment is done to original (intial) invoice through this process...
in normal accounting in books:
if my customer returns the goods, I will issue cr.note
if I return the goods then I will issue Dr. note
but my doubt is, how uploading of this transaction will done..
some of the people said that, supplier only upload in GSTR 1 for the credit note he raised, since he is the supplier...
then buyer will accept in GSTR2A...then reflect in GSTR 2....so that amendment is done to original (intial) invoice through this process...
SAMMAIAH
(P)
(57 Points)
Replied 06 October 2017
sec 34 also used the word "supplier" , who supplied the goods, will issue the Cr. Note........
Ashit Sharma
(155 Points)
Replied 08 October 2017
I think questions raised by Hon'ble Raja may be seen by the concerned.
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 10 October 2017
| Originally posted by : Ash*t Sharma | ||
 |
I think questions raised by Hon'ble Raja may be seen by the concerned. |  |
Dear RAJA P M Sir.,
Please give your valuable reply... We are waiting...
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