GST MALAYALAM | WHAT IS DEBIT NOTE |എന്താണ് ഡെബിറ്റ് നോട്ട് |DEBIT NOTE IN GST ???
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- เผยแพร่เมื่อ 6 พ.ย. 2024
- GST MALAYALAM # WHAT IS DEBIT NOTE # DEBIT NOTE IN GST ???
DEBIT NOTE IN MALAYALAM #CREDIT NOTE # FINANCIAL CREDIT NOTE # DEBIT NOTE IN GST # SMART FINANCE MANAGER # PRACTICAL GST ACCOUNTING #
A supplier of goods or services or both is mandatorily required to issue a tax invoice. However, during the course of trade or commerce, after the invoice has been issued there could be situations like:
• The supplier has erroneously declared a value which is less than the actual value of the goods or services or both provided.
• The supplier has erroneously declared a lower tax rate than what is applicable for the kind of the goods or services or both supplied.
• The quantity received by the recipient is more than what has been declared in the tax invoice.
• Any other similar reasons.
In order to regularize these kinds of situations the supplier is allowed to issue what is called as debit note to the recipient. The debit note also includes supplementary invoice.
ഡെബിറ്റ് നോട്ട് എന്താണെന്നും ,ഏതെല്ലാം സാഹചര്യത്തിൽ ആണ് ഡെബിറ്റ് നോട്ട് ഇഷ്യൂ ചെയ്യുക എന്നും സിമ്പിളായി വിവരിച്ചിരിക്കുന്നു .
(Disclaimer) ബാധ്യത നിരാകരണം : വിവരങ്ങൾ പൂർണമായും നിങ്ങളുടെ അറിവിലേക്ക് മാത്രം ഉള്ളതാണ് .ഇത് നിങ്ങൾക്കുള്ള പ്രൊഫഷണൽ അഡ്വൈസ് അല്ല . ഇതിലെ എല്ലാ ഇൻഫർമേഷനുകളും , നിങ്ങളുടെ ചാർട്ടേർഡ് അക്കൗണ്ടൻറ്റ് മായി ചർച്ച ചെയ്ത് മാത്രം സ്വീകരിക്കുക
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...
Good class. Please start an accounting class.It will be helpful to a lot of people.
Thank you..Babu sir...Sure...later....
Thank you sir
I wish to start a youtube channel like you and what you do
its good...
Expect videos on import/export on gst
Later
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.
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 ,
Nammal or 15 qty aan purchase cheythath invoice billil angane thannan but 14 ennam sitil erangyollu anganel avarod debit note adkan parayande
Good class
Thank you vineeth...
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
Good presentation
Thank you suhair...
Thank you sir...
Thank you Muhammadali...
Sir why debit note has positive effect and credit note has negative effect?
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 oru business il debit note ene pryunnee purchase return alleee
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 ?
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?
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
👌👌👌
Rahnas , thank you
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...
Who issue debit note and credit note?
Supplier need to issue Debit note and Credit note.
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
👍
Thank you Anju...
Bill value kuttumbol gstr 1 il aa kuttenda value matramano enter cheyyuka?
Question is not clear...
Thanks
Thank you sir..
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
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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//.
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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
Purchase return undakumbol receipent etha issue cheyya debit or credit note?
Supplier need to issue Debit note and Credit note.
Entry pls
sure salim...
Income tax deductions
gst