SATNAM SINGH (ACCOUNTS MANAGER) (47 Points)
26 August 2021We are returning material back to supplier and issued a Debit note for the same. Do we need to enter Debit note in GSTR-1. or we just need to reduce our GST input and no treatment in GSTR 1.
Rajendra Prasad
(Employee Private)
(1867 Points)
Replied 26 August 2021
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 27 August 2021
Reduce your ITC. No need to show in GSTR-1
Issue an accounting credit note for reconciliation of accounts.
SATNAM SINGH
(ACCOUNTS MANAGER)
(47 Points)
Replied 27 August 2021
Thanks a lot can you share any authentic reference if any i want to prove it to someone
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 27 August 2021
Gstr1 only related to outward supply.
For you it was an inward supply which you are returning
That will be enough explanation to prove.
CAclubindia
