Is Debit note entered by purchaser in GSTR-1
mithlesh kumar (CMA Intermediate ) (65 Points)
16 October 2018
Is Debit note entered by purchaser in GSTR-1 or by seller ???
3 Replies
Raj Sree
(20 Points)
Replied 16 October 2018
Debit note is a big term so we can say so ' Debit note includes Purchase return also. Concerning points related to the query :
1) GSTR 1 details only created by a seller.
2) Seller provides both debit and credit notes in GSTR 1 but here seller give debit note
( a) if the original invoice amount is increasing in any way. for eg. Seller wrongly charged less amount in invoice for the goods, or/ and
( b) Seller charging any extra amount from the recipient of goods/ services on account of any interest or other reason which was not mentioned in original invoice
3) Purchase return would come to Purchaser in GSTR 2A for which he has to just accept if correct or take modification or add action according to situation. But it's not his responsibility to show purchase return as a debit note anywhere
1) GSTR 1 details only created by a seller.
2) Seller provides both debit and credit notes in GSTR 1 but here seller give debit note
( a) if the original invoice amount is increasing in any way. for eg. Seller wrongly charged less amount in invoice for the goods, or/ and
( b) Seller charging any extra amount from the recipient of goods/ services on account of any interest or other reason which was not mentioned in original invoice
3) Purchase return would come to Purchaser in GSTR 2A for which he has to just accept if correct or take modification or add action according to situation. But it's not his responsibility to show purchase return as a debit note anywhere
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 16 October 2018
Purchaser does not have to show any documents regarding purchase or purchase return in gstr1
HARSHIL JAIN
(MD)
(338 Points)
Replied 20 June 2019
ok sir understood your point
but how to make entries in gstr3b of that purchase return..
till now i have been doing purchase return as below mentioned
TOTAL TAXABLE SALE 100000 TAX @ 5% 5000
TOTAL SALES RETURN 50000 TAX @ 5 % 2500
TOTAL PURCHASE 200000 TAX @ 5 % 10000
TOTAL PURCHASE RETURN 25000 TAX @ 5% 1250
so in GSTR3B COLUMN 3.1
TAX ON OUT WARD SUPPLIES
now total taxable value according to portal help section showing is
total sale - credit notes(sales return) + debit notes(purchase return)
so my total taxable value is
100000 - 50000 + 25000
i.e. 75000/- (this figure to be filled in taxable value)
PLZ CLARIFY THAT IS THIS A CORRECT WAY TO FILL THE ENTRY IN GSTR3B COLUMN
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