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credit note and debit note

Goods and Services Tax - Started By: - Ramakrishnan Seshadri - Dated:- 11-9-2017 Last Replied Date:- 12-9-2017 - Dear Sir,Good Morning to all expertsWe request your clarification on raising debit notes and credit notes under GST regime.Debit Note:-We .....

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Is this correct or not. Same is for part rejections also.Who has to upload the details in the gst returns for this shortage /rejections either us or the supplier.Request the experts to clarify this issue since it is very much confusing.Thanks & R .....

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s scenario credit note may be raised, in my view, either by you or by the seller. Who issues the credit note has to upload in the GSTR 1 register. This is my view. Experts views are soliticited. - Reply By Rajagopalan Ranganathan - The Reply = Sir, S .....

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such supply, or where the goods supplied are returned by the recipient, or where goods or services or both supplied are found to be deficient, the registered person, who has supplied such goods or services or both, may issue to the recipient a credi .....

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ed by the registered person who issues credit/Debit note. According to Section 34 (2) of CGST Act, 2017 any registered person who issues a credit note in relation to a supply of goods or services or both shall declare the details of such credit note .....

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r, and the tax liability shall be adjusted in such manner as may be prescribed. Section 34 (3) of CGST Act, 2017 stipulates that where a tax invoice has been issued for supply of any goods or services or both and the taxable value or tax charged in t .....

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be prescribed. The details to be given in the debit note are given in rule 53 (1) of CGST Rules, 2017. The details of debit notes issued shall be given under Column 9 of GSTR-1 Section 34 (4) of CGST Act, 2017 stipulates that any registered person wh .....

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