Credit Notes & Debit Notes: GST

Indirect Taxation

Only Credit Note to be shown in GSTR-1?? Debit note to be adjusted through ITC in GSTR-3B??

Veera V

CA Final

★ 0

05-Nov-21 23:56

566

Answers (1)

Yes. Right. However, debit note concept in GST is different. Itâ??s a document given by supplier in order to increase the tax. In general, accounting terms debit note is used for purchase returns.

Shiva Teja

Faculty

06-Nov-21 10:03