👉 "Regarding Delinking of Credit Note/Debit Note from invoice, in Form GSTR 1/GSTR 6 or filing Refund
👉 GST website has recently released a replacement functionality where one isn't required to link invoice with credit or debit note on GST website which was earlier mandatory.
👉 This is an important move because it's going to happen that a private might issue one credit note where sales was made in additional than one sales invoice. Hence, this might be a welcoming move for several person.
👉 On GST website following has been mentioned while introducing the above functionality:
“Till date, original invoice numbers were mandatorily required to be quoted by the taxpayers, while reporting a Credit Note or Debit Note in Form GSTR-1 or Form GSTR-6.
👉 The taxpayers have now been given a facility on the GST Portal to:
- Report in their Form GSTR-1 or in Form GSTR-6, single credit note or debit note issued in respect of bulk invoices.
- Choose the note supply type as Regular, SEZ, DE, Export etc., to identify the table to which such credit note or debit note pertains.
- Indicate Place of Supply (POS) against each credit note or debit note, to identify the supply type i.e. Intra-State or Inter-State
- Debit /Credit Notes are often declared with tax amount, but with none taxable value also i.e. if credit note or debit note is issued for difference in rate only, then value are often reported as ‘Zero’. Only tax amount will got to be entered in such cases.
- Similar changes are made while reporting amendments to credit note or debit note.
👉 Corresponding changes have also been made within the refund module. Thus, while applying for refund, taxpayers can now report such credit notes or debit notes in statements (filed during filing the refund application) without mentioning the related invoice number. The taxpayer would be required to select the document type from a drop-down comprising of invoice/ debit note/ credit note.
👉 The change has been provided for filing the refund application of following cases:
- Refund for export of services with payment of tax.
- Refund on account of products & services without payment of tax.
- Refund on account of supply of products or services to SEZ with payment of tax.
- Refund on account of supply of products or services to SEZ without payment of tax.
- Refund on account of Inverted duty structure.”
- The facilities mentioned above looks good on paper but it'd be great as long as the same is basically implemented within the web site .
Do comment below if you're able to use the above functionality or not. To read the above notification" (click here)
