https://www.taxtmi.com/forum/issue?id=113944 When rejected goods are returned the supplier issues a credit note and declares it in returns for the month of issue (or by the September following year-end or annual return filing date). The supplier's output liability is reduced and the recipient must reduce or reverse the corresponding input tax credit; these adjustments are matched through the return reconciliation process. The supplier reports the credit note in GSTR 1, the credit note/tax invoice must be signed by the authorized signatory recorded in the GST system, and entry on the common portal functions as intimation to authorities. en-us Wed, 11 Jul 2018 14:27:41 +0530 Thu, 23 Jan 2025 15:55:22 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=113944 When rejected goods are returned the supplier issues a credit note and declares it in returns for the month of issue (or by the September following year-end or annual return filing date). The supplier's output liability is reduced and the recipient must reduce or reverse the corresponding input tax credit; these adjustments are matched through the return reconciliation process. The supplier reports the credit note in GSTR 1, the credit note/tax invoice must be signed by the authorized signatory recorded in the GST system, and entry on the common portal functions as intimation to authorities. Discussion-Forum GST Wed, 11 Jul 2018 14:27:41 +0530 https://www.taxtmi.com/forum/issue?id=113944