GSTR 1 query, Goods and Services Tax - GST

[nirali pandya]

I have issued credit notes to Unregistered buyer amount of which is less than 2.5 lacs and who is located within state. Where do i report this kind of credit notes in GSTR 1?

Posts / Replies

[ANITA BHADRA]

Dear Sir

Table 7 of GSTR 1 has clearly mentioned in heading Taxable supplies (Net of debit notes and credit notes) to unregistered persons other than the supplies covered in Table 5

• This sheet has to give summary level values of inter state supplies where value is less than 2.50 Lakhs and all intra-state supplies made to unregistered taxpayers. These values are to be given for the current month only.
• There is no need to show Debit Credit Note against such supplies
• Value is to be shown after netting off values of Debit/Credit Notes
• Regards

[Ganeshan Kalyani]

Credit note pertaining to unregistered customer having invoice value below 2.5 lacs should be shown in B2CS with net of figure. That is sales minus sales return.