Sponsored
    Follow Us:
Sponsored

Delinking of Credit Note/Debit Note from invoice, while reporting them in Form GSTR 6

♥ Till now, original invoice number was mandatorily required to be quoted by the taxpayers, while reporting a Credit Note or Debit Note in Form GSTR-6.

♥ The taxpayers have now been provided with a facility on the GST Portal to:

  • Report in their Form GSTR-6, single credit note or debit note issued in respect of multiple invoices
  • Choose the note supply type as Regular, SEZ, DE, Export etc., to identify the table to which such credit note or debit note pertains
  • Place of Supply (POS) against each credit note or debit note, to identify the supply type i.e. Intra-State or Inter-State
  • Debit /Credit Notes can be declared with tax amount, but without any taxable value also i.e. if credit note or debit note is issued for difference in tax rate only, then note value can be reported as ‘Zero’. Only tax amount will have to be entered in such cases.
  • Similar changes have been made while reporting amendments to credit note or debit note.

Sponsored

Join Taxguru’s Network for Latest updates on Income Tax, GST, Company Law, Corporate Laws and other related subjects.

Leave a Comment

Your email address will not be published. Required fields are marked *

Sponsored
Sponsored
Ads Free tax News and Updates
Sponsored
Search Post by Date
December 2024
M T W T F S S
 1
2345678
9101112131415
16171819202122
23242526272829
3031