TaxTMI 
TaxTMI 
How is debit note issued by the supplier treated by the receiver? Please elaborate in brief Sir.
Debit Note Treatment Under GST Regime
27 Nov 2017 
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Debit note GST must be reported by supplier in GSTR one and accepted or rejected by recipient in GSTR two.
The supplier must indicate a debit note in GSTR-1 and the recipient must accept or reject that debit note in GSTR-2, paralleling the handling of tax invoices. The debit note must include supplier and recipient identification and GSTIN, document nature, a unique serial number and date, reference to the corresponding invoice, taxable value, tax rate and tax amount debited, and the supplier's signature or digital signature. (AI Summary)
The supplier must indicate a debit note in GSTR-1 and the recipient must accept or reject that debit note in GSTR-2, paralleling the handling of tax invoices. The debit note must include supplier and recipient identification and GSTIN, document nature, a unique serial number and date, reference to the corresponding invoice, taxable value, tax rate and tax amount debited, and the supplier's signature or digital signature. (AI Summary)