Vinod Kumar Daftari (Sr. Accounts Officer) (53 Points)
29 April 2021
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 29 April 2021
1) Are this retrun both GSTR1 and GSTR 3 are for the month March 21 ?
2) What is the reason for Debit Note issued by the Supplier ?.
3) please elaborate in details .
Vinod Kumar Daftari
(Sr. Accounts Officer)
(53 Points)
Replied 29 April 2021
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 29 April 2021
1) Debit notes raised by you cannot be uploaded as part of GSTR1. If you have already done that, you can reverse the entry when you file GSTR1 for the subsequent tax period.
2) Also ask your vendor to raise a credit note (in respect of the debit note) and upload the same.
3) As far as GSTR3B is concerned, you are required to reverse the input tax credit to the extent of debit note (by manually reducing the ITC). Once the vendor uploads the credit note, ITC mismatch will be taken care of.
CAclubindia
