Credit notes in GSTR-9

[KARAN VERMA]

Sir, my question is Credit note belong to 2020-21 shown in books of accounts in 2020-21 but mentioned in GSTR-1 and GSTR-3B return in August-2021.

Where to show such credit notes in GSTR-9 annual return ?

[Rajagopalan Ranganathan]

Sir,

Since the law allows to include any missed out outward supply invoices and inwards supply invoice and credit and debit notes pertaining to the year 22020-21 up to the last date of filing GSTR-3B for September 2021, that is 20.10.2021 you have to show such credit notes in GSTR-9 return of the year 2020-21.

[CA Hemanth Kumar]

Dear Sir,

In my view.

1. Adjusment w.r.t credit notes has to be disclosed in the year in which it was issued and not in the year in which the original supplies are made. Therefore, the date of credit note is an important factor.

If date of CN is in 20-21, it will form part of 20-21 annual return

If date of CN is in 21-22, it will form part of 21-22 annual return

If date of CN is in 20-21 but disclosure was made in GSTR-1 and 3B of 21-22, then it will form part of annual return of 2020-21 only and not 21-22.

AI Summary

Credit note treatment in GST: disclose credit notes in the annual return of the year they are issued, despite later periodic filings. Adjustments from credit or debit notes are to be disclosed in the annual return for the year in which the credit note is dated; where law allows late inclusion up to the periodic return filing deadline for a prior year, such credit notes must be reported in that prior year's annual return even if reported later in periodic returns.