Credit Note or Debit Note Reporting Under New return filing system

The new GST system was brought into the image to make the filing of return more streamlined and smoother. Alongside a few different changes in the structures that were of the old return system, credit and Debit note detailing additionally observed a few changes. How about we take a gander at what those progressions are and their suggestions in the return filing system . The issue of credit note/debit note is critical to saving the arrangement of invoicing straightforward for the two players. Under GST, it holds significance in detailing in the profits too. Reporting of credit note/debit note under the old return filing system The reporting of credit/debit notes on the GST portal was made in GSTR-1. It can be classified as follows: Credit note/debit note issued to unregistered persons (B2C supplies): It must be declared in Table ‘9B – Credit/Debit Notes (Unregistered)’. The details required are as follows: Debit/credit note number Original invoice numbe...