Amount കൂടിയാൽ debit note issue ചെയ്യുന്നു. അപ്പോൾ അത് എങ്ങനെ tally യിൽ കാണിക്കും. Accounts പ്രകാരം റിട്ടേൺ പോയാൽ അല്ലെ debit note. Gstr1 പ്രകാരം ഉള്ള debit note എങ്ങനെ tally യിൽ കാണിക്കും
Can you please elaborate the situation of purchase and sales returns and document issue requirements by suppliers and recepient in the case under GST for the same
Sir, I had watched all of the videos in this channel and some doubts about credit/debit note. 1. If a supplier issued a credit note to us, then is it need us to submit a debit note in Gstr1. Or only do a ITC return of that credit note in gstr3b. 2. If we are return some goods in same vehicle it delivered and given a debit note against supplier, then how is the case, is both supplier and us need to show debit and credit notes in gstr1. Thanks for the too informative videos.
Hi Naushad...In GST Debit note and credit note must be issued by Supplier...and they will show in their GST Return. If any Debit note and credit note , you issued to your customer(i.e you are supplier ) then , you need to show it in your GST return.
@@SUNILSSMARTFINANCEMANAGER sir, സാർ പറഞ്ഞപ്രകാരം ഒരു invoice value വിനേക്കാൾ കൂടുതൽ amount nu ആണല്ലോ debit note issue ചെയ്യേണ്ടത് അങ്ങനെ ആണെങ്കിൽ ഒരു new invoice issue cheythukoode?
Hi Ebin.. In GST, both debit and credit note need to be issued by the supplier of goods or services. Once You issued an invoice, after that , if you need to reduce the bill amount, you need to issue Credit Note and when your bill amount is need to increase, you need to issue Debit note. Then related to your purchase, your supplier will issue credit note , when you returned goods. THIS PRACTICAL SITUATION... As per Tally entry : Your sales return...credit note ..ok Purchase return by you....no need to issue debit note, but your head may be Debit note..
Sir ഞാൻ ഒരു consumer products വിതരണം നടത്തുന്ന വ്യക്തി ആണ്. എനിക്ക് ഡിസ്കൗണ്ട് സംബന്ധിച്ച് ഒരു സംശയം ഉണ്ട്. അതായത് എനിക്ക് products supply ചെയ്യുന്ന ആൾ കൂടുതൽ വിലക്ക് സാധനം നൽകുകയും അതിന്റെ input ഞാൻ ക്ലെയിം ചെയ്യുകയും ചെയ്യുന്നു, പിന്നീട് ഞാൻ എന്റെ client നു supply ചെയ്യുമ്പോൾ എനിക്ക് കിട്ടിയതിനേക്കാൾ വില കുറച്ചു കൊടുക്കാൻ എന്റെ supplier എന്നോട് പറയുകയും ആ diffrence അവർ എനിക്ക് tax കൂടാതെ തരികയും ചെയ്യുന്നു. ഈ കിട്ടുന്ന amount നു ഞാൻ tax അടക്കാൻ ബാധ്യത ഉള്ള ആളാണല്ലോ. അതു എന്റെ സപ്ലയർ എനിക്ക് തരേണ്ടതല്ലേ?
Ramesh sir, First we can analyse your transaction:(1)You have got product from supplier and you take input ...ok (2)You have sold your products less than your purchase value //In GST Law, there is no Rule that YOU MUST SOLD THE GOODS ABOVE YOUR PURCHASE PRICE. So you can sold goods less than purchase price....ok (But you cannot sold goods to your relatives)...(3) Then 3rd transaction , you are getting Discount through Financial credit note. ..No problem A supplier can give discount, without effecting Tax portion i.e through Financial credit note...ok ******************************************************************** Ramesh Sir, In my opinion (only my opinion, You must take advice from your CA or other experts) In GST, transaction wise ok...But continuous transaction may lead... YOUR GROSS PROFIT RATE may be less as compared to last year OR may be GROSS LOSS. (Discount received through financial credit note , where will you show ? : May be Indirect income//then GP will reduce) This may be chance to create some trouble to you .Please careful...LOW GROSS PROFIT RATE OR GROSS LOSS will create some issues under GST and income tax//. ******************************************************************* Please care, practical side...Ramesh sir..Kindly take a second opinion from your CA or other experts...thank you..
Unregistered party debit/credit note kanikkan ulla option GSTR-1 ella. Ath B2C sales kannikunna table il net alle kanikkendath.
Yes, Regarding unregistered party debit/credit note you need to show in 7-B2C (OTHERS) in GSTR-1.
Good Class Sir.... Credit note Sales return ,purchase return നെ കുറിച്ചും പ്രതീക്ഷിക്കുന്നു.
Thank you Rani Madam...
Thank you sir
Good class. Please start an accounting class.It will be helpful to a lot of people.
Thank you..Babu sir...Sure...later....
Sir ,
Nammal or 15 qty aan purchase cheythath invoice billil angane thannan but 14 ennam sitil erangyollu anganel avarod debit note adkan parayande
Amount കൂടിയാൽ debit note issue ചെയ്യുന്നു. അപ്പോൾ അത് എങ്ങനെ tally യിൽ കാണിക്കും. Accounts പ്രകാരം റിട്ടേൺ പോയാൽ അല്ലെ debit note. Gstr1 പ്രകാരം ഉള്ള debit note എങ്ങനെ tally യിൽ കാണിക്കും
Expect videos on import/export on gst
Later
Good class
Thank you vineeth...
I wish to start a youtube channel like you and what you do
its good...
Sir oru business il debit note ene pryunnee purchase return alleee
Good presentation
Thank you suhair...
Can you please elaborate the situation of purchase and sales returns and document issue requirements by suppliers and recepient in the case under GST for the same
Supplier need to issue Debit note and Credit note.
Sir, I had watched all of the videos in this channel and some doubts about credit/debit note.
1. If a supplier issued a credit note to us, then is it need us to submit a debit note in Gstr1. Or only do a ITC return of that credit note in gstr3b.
2. If we are return some goods in same vehicle it delivered and given a debit note against supplier, then how is the case, is both supplier and us need to show debit and credit notes in gstr1.
Thanks for the too informative videos.
Hi Naushad...In GST Debit note and credit note must be issued by Supplier...and they will show in their GST Return. If any Debit note and credit note , you issued to your customer(i.e you are supplier ) then , you need to show it in your GST return.
Sir angane aanenkil oru new invoice issue cheythukoode?
Hi Sreehari...situation is not clear...can you explain situation...what you are mean ?
@@SUNILSSMARTFINANCEMANAGER sir, സാർ പറഞ്ഞപ്രകാരം ഒരു invoice value വിനേക്കാൾ കൂടുതൽ amount nu ആണല്ലോ debit note issue ചെയ്യേണ്ടത് അങ്ങനെ ആണെങ്കിൽ ഒരു new invoice issue cheythukoode?
Sir why debit note has positive effect and credit note has negative effect?
Thank you sir...
Thank you Muhammadali...
purchase return debit note ayi gstr1 il kanikano
GSTR 1 , mostly related to our sales.. not related to our purchase...It will show by your supplier...
Where should we show purchase returns debit note during gst filing?
Means Credit note from supplier. If you are reversing input , you can show in GSTR3B 4th table Input reversal column...
@@SUNILSSMARTFINANCEMANAGER Sir, Should we issue a debit note to the supplier, when we are returning the goods ?
Tally yil Purchase return - debit note
Sales return - credi note
Ennalle...
Hi Ebin.. In GST, both debit and credit note need to be issued by the supplier of goods or services. Once You issued an invoice, after that , if you need to reduce the bill amount, you need to issue Credit Note and when your bill amount is need to increase, you need to issue Debit note.
Then related to your purchase, your supplier will issue credit note , when you returned goods. THIS PRACTICAL SITUATION...
As per Tally entry : Your sales return...credit note ..ok
Purchase return by you....no need to issue debit note, but your head may be Debit note..
@@SUNILSSMARTFINANCEMANAGER Thanks
Sir..
1. Enik kittiya debit note / credit note automatic aai returns filing portal il varumo ..atho njn evideyenkilum kanikendathundo....supplier 9 b kanikunnath kond njn cheyyenda aavashyam undo...
2. Sir ente supplier oru unregistered party aanenkil aa enterprise ayakunna credit note / debit note evideyan kanikendath ennukoodi paranj tharamo....rcm adaykuvan njn responsible aakile...
Hi Sajesh...As per the GST Rules, ITS Suppliers duty to issue Debit note and credit note and show in their GSTR1..
Thank u sir...for the information
Sir,ഇൻസെന്റീവ് credite note ൽ നൽകിയാൽ counter party engane അക്കൗണ്ട് ചെയ്യും?
Rajesh sir, question is not clear. Are you planning to issue credit note to your customer , for incentive ?
@@SUNILSSMARTFINANCEMANAGER yes
Who issue debit note and credit note?
Supplier need to issue Debit note and Credit note.
Entry pls
sure salim...
Bill value kuttumbol gstr 1 il aa kuttenda value matramano enter cheyyuka?
Question is not clear...
Sir
ഞാൻ ഒരു consumer products വിതരണം നടത്തുന്ന വ്യക്തി ആണ്. എനിക്ക് ഡിസ്കൗണ്ട് സംബന്ധിച്ച് ഒരു സംശയം ഉണ്ട്. അതായത് എനിക്ക് products supply ചെയ്യുന്ന ആൾ കൂടുതൽ വിലക്ക് സാധനം നൽകുകയും അതിന്റെ input ഞാൻ ക്ലെയിം ചെയ്യുകയും ചെയ്യുന്നു, പിന്നീട് ഞാൻ എന്റെ client നു supply ചെയ്യുമ്പോൾ എനിക്ക് കിട്ടിയതിനേക്കാൾ വില കുറച്ചു കൊടുക്കാൻ എന്റെ supplier എന്നോട് പറയുകയും ആ diffrence അവർ എനിക്ക് tax കൂടാതെ തരികയും ചെയ്യുന്നു. ഈ കിട്ടുന്ന amount നു ഞാൻ tax അടക്കാൻ ബാധ്യത ഉള്ള ആളാണല്ലോ. അതു എന്റെ സപ്ലയർ എനിക്ക് തരേണ്ടതല്ലേ?
Ramesh sir, First we can analyse your transaction:(1)You have got product from supplier and you take input ...ok
(2)You have sold your products less than your purchase value //In GST Law, there is no Rule that YOU MUST SOLD THE GOODS ABOVE YOUR PURCHASE PRICE. So you can sold goods less than purchase price....ok (But you cannot sold goods to your relatives)...(3) Then 3rd transaction , you are getting Discount through Financial credit note. ..No problem A supplier can give discount, without effecting Tax portion i.e through Financial credit note...ok
********************************************************************
Ramesh Sir, In my opinion (only my opinion, You must take advice from your CA or other experts) In GST, transaction wise ok...But continuous transaction may lead... YOUR GROSS PROFIT RATE may be less as compared to last year OR may be GROSS LOSS. (Discount received through financial credit note , where will you show ? : May be Indirect income//then GP will reduce) This may be chance to create some trouble to you .Please careful...LOW GROSS PROFIT RATE OR GROSS LOSS will create some issues under GST and income tax//.
*******************************************************************
Please care, practical side...Ramesh sir..Kindly take a second opinion from your CA or other experts...thank you..
Sir ingane varunna discount direct income ayi knikkan patille... Angane cheythal alle gp ye badhikkuvullu
Thanks
Thank you sir..
Purchase return undakumbol receipent etha issue cheyya debit or credit note?
Supplier need to issue Debit note and Credit note.
👌👌👌
Rahnas , thank you
Income tax deductions
gst
👍
Thank you Anju...