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,
\nWe have the following query in respect of charging GST on sales return \/ purchase return\/ price reduction\/price increase
\n 1.Sales returns through Delivery advice
\nSome of the customers sending the customer returns in delivery challan without GST
\n 2. Sales returns through Tax Invoice
\n Some of the customers sending the customer returns in tax invoice with GST for which we need to
\n 3. Price decrease\/reduction
\n The price decrease \/ reduction credit note to be issued without GST. Since already we have charged GST on the higher price and custome<\/p>\n
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Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n r Section 34 of CGST Act which provides for Credit note and debit note. = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n ake the invoice route = = = = = = = =<\/p>\n Plain text (Extract) only<\/strong> = = = = = = = =<\/p>\n","protected":false},"excerpt":{"rendered":" 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 – GSTGot 6 RepliesGSTSir, 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 … Continue reading “Debit note and credit note – GST”<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-9191","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/9191","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=9191"}],"version-history":[{"count":0,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=\/wp\/v2\/posts\/9191\/revisions"}],"wp:attachment":[{"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=9191"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=9191"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/goodsandservicetax.in\/GST\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=9191"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
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\nReply By ANITA BHADRA:
\nThe Reply:
\nDear Sir
\nFirst at all , any debit credit note is to be issued by the supplier only .
\nRecipient will not issued any invoice , with or without GST .
\nIssue 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
\nFurther , Debit \/Credit Note will have details of original tax invoice and also indicate taxable value ( of goods return ) and GST component on it .
\nYour GSTR 1 will also indicated details of Debit\/Credit Notes issued . This will matched with GSTR 2 of the recipients .
\nYou need not to issue any invoice for purchase return . Your<\/p>\n
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\nThere is also an FAQ in the earlier days on the matter.
\nRegards
\nS.Ramaswamy
\nReply By Ganeshan Kalyani:
\nThe Reply:
\nThe responsibility of issuing credit note or debit note is cast on the supplier of goods or services.
\nReply By Mathurthi RamKumar:
\nThe Reply:
\nDear Sir,
\nWith 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.
\nAgent give his commission invoice with gst. This commission will adjust for other parties balance payments.
\nfor 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<\/p>\n
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