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 and GSTR 3B of F.Y 2017-18 by (Mr. A)? How supplier claim such credit notes?
Supplier Misses Credit Notes in GSTR Filings for FY 2017-18; No Current Recourse for Adjustments Post-March 2019. A supplier failed to include credit notes in their monthly GSTR 1 and GSTR 3B filings for the fiscal year 2017-18, despite making full GST payments without considering these notes. The issue raised concerns the impact of this omission on the annual returns GSTR-9 and GSTR-9C for that year and how the supplier can claim these credit notes. The response indicated that any adjustments for FY 2017-18 should have been made by March 2019, and there is currently no opportunity to benefit from the credit notes. (AI Summary)
TaxTMI 
TaxTMI 
