Debit note and credit note – GST
Query (Issue) Started By: – K.Srinivasan Kuppuswamy Dated:- 28-11-2017 Last Reply Date:- 4-12-2017 Goods and Services Tax – GST
Got 6 Replies
GST
Sir,
We have the following query in respect of charging GST on sales return / purchase return/ price reduction/price increase
1.Sales returns through Delivery advice
Some of the customers sending the customer returns in delivery challan without GST
2. Sales returns through Tax Invoice
Some of the customers sending the customer returns in tax invoice with GST for which we need to
3. Price decrease/reduction
The price decrease / reduction credit note to be issued without GST. Since already we have charged GST on the higher price and custome
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r Section 34 of CGST Act which provides for Credit note and debit note.
Reply By ANITA BHADRA:
The Reply:
Dear Sir
First at all , any debit credit note is to be issued by the supplier only .
Recipient will not issued any invoice , with or without GST .
Issue of invoice by registered recipient were to be applicable in case sale made prior to GST implemented date ( Sec 142 ) .and return post GST implementation
Further , Debit /Credit Note will have details of original tax invoice and also indicate taxable value ( of goods return ) and GST component on it .
Your GSTR 1 will also indicated details of Debit/Credit Notes issued . This will matched with GSTR 2 of the recipients .
You need not to issue any invoice for purchase return . Your
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ake the invoice route
There is also an FAQ in the earlier days on the matter.
Regards
S.Ramaswamy
Reply By Ganeshan Kalyani:
The Reply:
The responsibility of issuing credit note or debit note is cast on the supplier of goods or services.
Reply By Mathurthi RamKumar:
The Reply:
Dear Sir,
With reference to the above Q&A, Kindly clarify me that normal debit note and credit notes will applicable for before gst or not? Also kindly advise for below transaction.
Agent give his commission invoice with gst. This commission will adjust for other parties balance payments.
for above – Before GST i issue cr note to agent. I think as per GST rules now this transaction not under GST credit note. Am i correct? Becoz GST cr note will issue when s
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