Debit Note Treatment Under GST Regime, Goods and Services Tax - GST

[Sagar Rijal]

How is debit note issued by the supplier treated by the receiver? Please elaborate in brief Sir.

Posts / Replies

[ANITA BHADRA]

Dear Sir

Supplier will indicate details of debit note in his GSTR 1 . Recipient will either accept or reject Debit note issued by the supplier in GSTR 2

It s a same way like Recipient does in case of tax invoice .

Regards

[Sagar Rijal]

Thank you Mam for your kind information.

[Kishan Barai]

You can make it in Microsoft Excel on your own format with your company logo & address with following content.
(a) name, address and Goods and Services Tax Identification Number of the supplier;
(b) nature of the document;
(c) a consecutive serial number not exceeding sixteen characters, in one or multiple series, containing alphabets or numerals or special characters hyphen or dash and slash symbolised as “-” and “/” respectively, and any combination thereof, unique for a financial year;
(d) date of issue;
(e) name, address and Goods and Services Tax Identification Number or Unique Identity Number, if registered, of the recipient;
(f) name and address of the recipient and the address of delivery, along with the name of State and its code, if such recipient is un-registered;
(g) serial number and date of the corresponding tax invoice or, as the case may be, bill of supply;
(h) value of taxable supply of goods or services, rate of tax and the amount of the tax debited to the recipient; and
(i) signature or digital signature of the supplier or his authorized representative.