As a part of sales promotion, our seller is allowing the discount of 5% on the previous month's invoices and they filed the credit note in the GSTR 1 of this month. We have the following doubts in this regard.
- Whether we have to issue a debit note for the discount received?
- Whether we have to include the values of Debit Notes in HSN wise summary report in GSTR 1?
- If we are showing discounts received on the credit side of the Profit and Loss account, then whether we have to pay any GST on the same?
- In which head in GSTR 3B we have to include the value of the debit notes?
CAclubindia
