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)?

[YAGAY and SUN]

In our view benefit of GST may be allowed.

AI Summary

Credit note reporting may permit GST benefit when undisclosed notes are reflected in annual returns and reconciliation.
Supplier issued credit notes but omitted their details from monthly GSTR 1 and GSTR 3B while paying full GST; the advisory view states that the benefit of GST may be allowed when such credit notes are reflected in the annual return GSTR 9 and reconciliation GSTR 9C.