GSTR 1 query

[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?

[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.

AI Summary

Reporting of supplies to unregistered persons requires B2CS entry with netting of credit/debit notes for the month. Credit notes for intra state supplies to unregistered buyers below the small value threshold are to be reported in B2CS (Table 7 of GSTR 1) as current month summary values. Do not show debit/credit notes separately; report the net figure after netting sales returns or credit/debit notes (sales minus sales returns).