I know that GST or Goods and Services is an indirect tax that is levied on the supply of goods or on services but the credit note was something I was not aware of initially. However after a bit of research and discussion with a few colleagues, I learnt that a credit note is basically a commercial document that a seller issues to the buyer. If this gets issued, the liability of the supplier gets reduced. Now the next question that obviously occurs is how to adjust credit note in GST return and also under which section is this credit note stated. Did you know that credit note is mentioned in Section 2(37) of the Central Goods and Services Tax Act 2017? Well, now you know. Let me share more details with you below.
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Login to the GST portal or click on
https://services.gst.gov.in/services/login
Click on “Invoices” option
Then select Upload Credit/Debit notes
You will need to drag the excel file there or choose the file
Click on the option “Upload Credit and Debit notes”
Choose “select”
You will then need to do column mapping and import the data
You will get to see the list of credit/debit notes and that's all.
Filing a credit note can save a lot of money so after knowing how to adjust credit note in GST return, have a talk with some experts if you are new and then proceed accordingly.
Read More:How to file TDS return online?
How can I make PAN correction in TDS return online?
How to check filed TDS return in TRACES?
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How To Adjust Credit Note In GST Return?
Ashok
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3 Year
2022-09-09T10:25:09+00:00 2022-09-09T10:25:10+00:00Comment
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