Dear 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
Just amend the credit note in your next GSTR-1 by selecting point 9C in GSTR-1. Put the values as 0 or 1.
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?
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.
Dear Shivam sir,
Suppose if i upload as a debit note in GSTR-1 it will not reversed?
CAclubindia
