Supplier failed to furnish credit notes in monthly return GSTR 1 and GSTR 3B for F.Y 2017-18.

[JIGAR SHAH]

Case :

Supplier (Mr.A) made B2B sales and also issued credit notes against such sales in F.Y 2017-18. However supplier (Mr. A) has not furnished details about such credit notes in monthly GSTR 1 and GSTR 3B for F.Y 2017-18. Supplier (Mr. A) made full payment of GST without considering credit notes for F.Y 2017-18.

Issues :

What will be the effect of credit notes to be given in the annual return GSTR-9 and GSTR-9C for F.Y 2017-18 when such credit notes details were not furnished in the monthly GSTR 1 return of F.Y 2017-18 by (Mr. A)?

AI Summary

Supplier Omitted Credit Notes in 2017-18 GSTR-1 & GSTR-3B; Question Raised on GSTR-9 & GSTR-9C Impact A supplier failed to report credit notes in the monthly GSTR-1 and GSTR-3B returns for the financial year 2017-18, despite issuing them for B2B sales. The supplier paid the full GST amount without accounting for these credit notes. The issue raised concerns the impact of these unreported credit notes on the annual GSTR-9 and GSTR-9C returns for 2017-18. A respondent suggested that the benefit of GST might still be allowed despite the omission.