Effect of Credit Notes to be given in annual return for F.Y 2017-18 which are not shown in GSTR1 Monthly return of F.Y 2017-18.

[JIGAR SHAH]

Case :

Supplier made B2B sales against which credit notes are received, however supplier has not furnished details about such credit notes in monthly GSTR 1.

Should such credit notes be claimed in GSTR 9-Annual return? However, it is not possible to be give bill wise bifurcation in annual return GSTR 9 and if credit notes shown in GSTR 9-Annual Return for F.Y 2017-18 then there will be decrease in tax liability.

Issues :

What will be the effect of credit notes to be given in the annual return for F.Y 2017-18 when such credit notes details were not furnished in the monthly GSTR 1 return of F.Y 2017-18?

[PAWAN KUMAR]

Sir, plz provide query clearly. Who is supplier and who is buyer. Who issue credit note and who is filing annual return.

AI Summary

Clarification Sought on Including Unreported Credit Notes in Annual GSTR 9 Return for 2017-18 Without Bill-Wise Breakdown A query was raised regarding the inclusion of credit notes in the annual GSTR 9 return for the financial year 2017-18, which were not reported in the monthly GSTR 1 returns. The issue concerns whether these credit notes should be claimed in the annual return, despite the inability to provide a bill-wise breakdown, and how this would affect tax liability. The response requested clarification on the roles of the parties involved, specifically identifying the supplier, buyer, issuer of the credit note, and the filer of the annual return.