Debit & credit notes under GST
By: – Jayant Panchbhai
Goods and Services Tax – GST
Dated:- 29-12-2016<\/p>\n
Section 31 of proposed GST Act states that credit or debit notes will be raised by the supplier who has supplied such goods and \/ or services. Thus in case where Vendor – supplier – has supplied material & debit note is raised by recipient for short supply or rejection where such debit note raised has to be reflected in monthly returns. This cannot be reflected in GSTR 1 under details of credit \/ debit notes as what is to be reflected under this section is debit\/credit notes only if issued as supplier.
\nNeither this can be reflected in GSTR 2 under details of credit\/debit notes as this is an auto populated section based on G<\/p>\n
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