Hello Sir/Madam,
In January 2025, my client had returned some goods to his creditor, he raised a sale bills, e invoice and E way bill for movement of goods, but the creditor issued a Credit note for the same, and filled it in his GSTR-1, i had to reverse my ITC otherwise my ITC will get overclaimed.
so technically it became a double effect on a single bill
Now how can i issue a credit note for my bill, because there is no actual movement of goods
e invoice is applicable to me whether i have to make to e way bill for the same, as there is no movement of goods
Buyer should issue debit/credit note and report ITC reversal; e-invoicing required if within threshold, e-way bill not needed Buyer returned goods to supplier; supplier issued a credit note and included it in GSTR-1, and the buyer reversed ITC to avoid overclaim. The legal issue is whether the buyer must issue a credit or debit note, and whether e-invoice/e-way bill are required when there is no physical movement. Respondents advised that the buyer should reduce ITC by issuing a debit note (or a credit note reversing the earlier invoice) and report it in returns; e-invoicing is mandatory if within the e-invoicing threshold, while an e-way bill is not required absent movement. One view noted that if the supplier already issued a CN and ITC was reversed, no further adjustment may be needed. (AI Summary)
TaxTMI 
TaxTMI 
TaxTMI 
