GSTR1 AMENDMENT FROM NOV-2017

[Meena Shete]

Hello

while filing GSTR-1 for the month of Nov-2017,Jan-18,Feb-18 & Mar-18, we have shown the amount of debit notes & credit notes in advance recd column without mention of GSTIN of party.

can we amend this in Dec-2018 GSTR-1?

please advise

[KASTURI SETHI]

At present you cannot do so. However, there is hope that Govt. may allow rectification at the time of filing Annual Return.

[Meena Shete]

actually system accepting the debit notes/credit notes relating to Nov-2017 to Mar18 period.

on that basis party can take set off?

shall i go ahead with this?

[KASTURI SETHI]

Debit Note is a prescribed document for availment of ITC under Rule 36(c) of CGST Rules, 2017 read with Section 34 of CGST Act, 2017. If Common Portal System allows you at this stage, you can go ahead. Hopefully you will get your substantive right.

AI Summary

Debit note requirement: portal acceptance may permit input tax credit adjustment in GSTR return amendment.
Query concerned amending earlier GSTR-1 entries that showed debit and credit notes without the supplier's GSTIN. Initially amendment was not possible, with a possible rectification via the annual return. Later the portal began accepting such debit/credit note entries; if the portal allows recording these documents, taxpayers may proceed and rely on the portal's acceptance to support their entitlement to input tax credit, provided documentary conditions for ITC and rules on set off are satisfied.