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March Credit Note received now

vikram kerekar (1241 Points)

21 May 2018

Credit Note dated March'18 received by courier in the month of May.
Can I show the same in April's GST-01?

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14 Replies

RAJA P M ("Do the Right Thing...!!!") (128068 Points)
Replied 21 May 2018

What is GST-01?

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vikram kerekar (1241 Points)
Replied 21 May 2018

GSTR 1 Return

RAJA P M ("Do the Right Thing...!!!") (128068 Points)
Replied 21 May 2018

You mean "Debit Note" from Customer end...??

CA S Praveen Kumar Reddy (Chartered Accountant) (2195 Points)
Replied 21 May 2018

If not filed till now you can show but check date on credit note

vikram kerekar (1241 Points)
Replied 22 May 2018

i am talking about credit note not a debit note already i ahve filed march gstr1 return than what. can i show in month of april retrun or what?

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RAJA P M ("Do the Right Thing...!!!") (128068 Points)
Replied 22 May 2018

Dear.,
You talking about "CREDIT NOTE"...?!
(Credit Note dated March'18 received by courier) Then Where you from get it...?
What is the nature of Transaction..?
Who is give credit note and Why...?

CA S Praveen Kumar Reddy (Chartered Accountant) (2195 Points)
Replied 22 May 2018

Mr vikram by mistakenly i mentioned debit note but it is credit note

vikram kerekar (1241 Points)
Replied 23 May 2018

as per above reply s praveen kumar the date of credit note is march but allerady i have filed gstr1 ant credit note received in may than what can i do...

RAJA P M ("Do the Right Thing...!!!") (128068 Points)
Replied 23 May 2018

Dear.,

Who is give Credit Note and Why...?
It's Your sales/service related or Purchase/inward Related...?

vikram kerekar (1241 Points)
Replied 23 May 2018

sales of goods sir

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RAJA P M ("Do the Right Thing...!!!") (128068 Points)
Replied 23 May 2018

Ha ha ha ha.,

Dear.,
Then why I ask it continuously...

So,
You got debit note from Your Customers and After You ll prepare Credit Note...

Yes... If You are not filed Your GSTR 1 return for the month of April then You can show the Credit/Debit* note in Your April returns...

GOOD LUCK...

vikram kerekar (1241 Points)
Replied 23 May 2018

thanx sir but credit note date mentioned in march or which.

RAJA P M ("Do the Right Thing...!!!") (128068 Points)
Replied 23 May 2018

Originally posted by : vikram kerekar
	thanx sir but credit note date mentioned in march or which.

Which date is mentioned in the Debit note and You can show after any date or received date...

As per your query You will show the Credit note date is in April...

Ferdous (advocate tax consultants) (80 Points)
Replied 23 May 2018

yes you can take it as soon as received in the next month or within six monhts . the process behind this is that since there is no provision of revision of returns then how do we do it. so as soon as the fact gets known , you must declare it to avail the benefit. However , irrespective of the whether you can avail or not , you have to maintanin you books for Income tax purposes.