TaxTMI 
TaxTMI 
GSTR1 AND GSTR3B Difference
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....STR1 AND GSTR3B Difference<br> Query (Issue) Started By: - Praveen Kumar Dated:- 19-6-2024 Last Reply Date:- 20-6-2024 Goods and Services Tax - GST<br>Got 3 Replies<br>GST<br>GSTR-1 credit note not up....
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....loaded and GSTR-3B filed correctly rectified in GSTR-9 and GSTR-9C There is no revenue loss govt Reply By Shilpi Jain: The Reply: Reduction of tax liability in case of discount also requires the re....
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....cipient to reduce his ITC. Non-disclosure in GSTR-1 would not provide clear picture to department on this aspect. Thus may not be a completely revenue neutral situation. Though if you can get a cer....
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....tificate or a declaration from recipient that ITC was reversed, possibility to get something favourable at Tribunal level!! Reply By Padmanathan Kollengode: The Reply: Fully agree with Shilpi Ma'....
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....;am. This issue is litigiuos Reply By VIPUL JHAVERI: The Reply: Filing GSTR-1 reflects in 2B for buyer and he may avail full ITC, so unless buyer sends his Debit Note to Seller Reversing ITC charge....
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....d to him, seller liability never reduces with his own Credit Note - So unless buyer Debit Notes on record difficult to pass through for reduced liability declared in 3B and then on 9 & 9C - Try and ge....
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....t on reocrd buyer Debit Note to sail through with ease.<br> Discussion Forum - Knowledge Sharing ....