Babajan (Accountant) (69 Points)
04 May 2018Dear sir,
We are the supplier & bymistakenly we have shown credit note in GSTR-1. Now i want to reverse the same can i reverse by raising debit note to our buyer under GSTR-1? Or it is responsibility of the buyer to upload debit note. waiting for your reply sirs
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 04 May 2018
Just amend the credit note in your next GSTR-1 by selecting point 9C in GSTR-1. Put the values as 0 or 1.
Babajan
(Accountant)
(69 Points)
Replied 05 May 2018
Dear shivam sir,
If i amend my credit note then how my 3B will be tallied & also how to adjust it to my book of accounts?
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 05 May 2018
You will adjust the credit note in your next GSTR-3B also if the credit note was considered in earlier GSTR-3B.
In your books of accounts you will just pass a reversal entry for reversing the credit note.
Make a reconciliation statement for future GST Audit purpose. This will help a lot.
Babajan
(Accountant)
(69 Points)
Replied 05 May 2018
Dear Shivam sir,
Suppose if i upload as a debit note in GSTR-1 it will not reversed?
CAclubindia
