we have raised debit note to supplier in may 19 & show in gstr1 may 19.
but I want to reverse that debit note June 20 .
it is correct or not? as per gst act
David
(article Assistant)
(1639 Points)
Replied 24 June 2020
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4515 Points)
Replied 24 June 2020
As per Circular 26./2017 can amend in GSTR 1 of June 2020. Section 37 provides for restriction of amending details for the financial year upto Sept GSTR 3B due date / annual return due date whichever is earlier.
kiran
(accountant)
(428 Points)
Replied 26 June 2020
CA Akshay Hiregange
(Partner - Audit & Assistance)
(4515 Points)
Replied 26 June 2020
GST Portal is only a tool to implement the law. Therefore, suggest to first understand whether it is compliant in the eyes of the law, and the apply the same in the tool. If the tool goes beyond the law, you may be still held to be non-compliant.
Live class on PF & ESI Enrollment & Returns Filing(with recording)
CAclubindia
