ECO Credit Notes in GST _ Not to Be Reported in Seller's GSTR-1

SS Digital India

ECO Credit Notes in GST | Not to Be Reported in Seller's GSTR-1  📝 Description: Are you confused about credit notes issued by e-commerce platforms like Meesho, Amazon, or Flipkart? In this video, learn why credit notes issued by e-commerce operators (ECO) are not required to be reported in the seller’s GSTR-1. We explain with examples and rules under GST.  🔖 Hashtags: #GSTReturns  #EcommerceSeller  #GSTR1Filing  #CreditNote  #GSTIndia  #FlipkartGST  #MeeshoSeller  #AmazonSeller  #TaxCompliance  🔍 Keywords: ECO credit note GST,  GSTR-1 credit note entry,  meesho gst credit note,  flipkart credit note,  amazon return invoice GST,  ECO credit note example,  gst filing ecommerce,  seller credit note vs operator credit note

Transcript

00:00दोस्तों आज की इस वीडियो के अंदर में आप गताऊंगा

00:02जीस्टी पोर्टल पर जो टेबल नमबर 13 होती है

00:05उसमें क्रेडिट नोट का एक सक्षन होता है

00:07यानि कि आपको जो क्रेडिट नोट के अंदर जो सीरियल नमबर आप देते हैं

00:12यानि कि अगर आप ओनलाइन सेलर है और इकोमर्स जो ओपरेटर होते हैं

00:17यानि इको के तुरू अपकी सप्लाई देते हैं

00:20उस केस में जो टेबल नमबर 13 होती है

00:23उसमें क्रेडिट नोट का एक सेक्षन होता है

00:25जैसे फस्ट नमबर पे आपको इन्वोईज की आउटवर्ड सप्लाई होती है

00:29उसकी सीरीज की एंट्री देनी होती है

00:31सेकंड नमबर पे आपको इन्वर्ड जो सप्लाई होती है

00:33उसकी एंट्री थर्ड नमबर पे रिवाइज इन्वोईज होते हैं

00:37the fourth number of debit note and fifth number of credit note

00:41so here what is credit note

00:43the entry of credit note

00:45this is when you have to do it

00:47or not

00:49this is the complete information

00:51I want to share it

00:53so first I want to tell you

00:55the 5 number of credit note

00:57section

00:59table number 13

01:01you have to feel

01:03when you have

01:05if you have a credit note

01:09issue

01:11this means

01:13if you have online seller

01:15multiple market place

01:17orders

01:19dispatch

01:21customer

01:23now

01:25what happens

01:27invoice generate

01:29or not

01:30credit note

01:31issue

01:33if you have

01:35if you have a credit note

01:37if you have a credit note

01:39issue

01:41then you will enter

01:43otherwise

01:45credit note

01:47you will not

01:49if you have offline

01:51you will not

01:53buy

01:55or you will not

01:57buy it

01:59or you will not

02:01buy it

02:03or you will not

02:05buy it

02:07if you have a credit note

02:09you will not

02:11issue

02:13issue

02:14so here

02:15what is

02:17what is

02:19what is

02:21what is

02:23what is

02:25what is

02:27what is

02:29i

02:59to file it all.

03:02First of all, let me explain that

03:07any e-commerce operator can be used to

03:10use the GST portal

03:13so that GST is related to

03:18its related to

03:22what is the GSTR8

03:23and its related to

03:26first what happens is that any e-commerce operator, like Miso, I'm going to tell you before,

03:31or a platform from a unregistered buyer, who is unregistered, who is unregistered,

03:37who is unregistered. You are registered as a seller, and if you have any order,

03:47who is Miso, who is unregistered, who is unregistered. So what happens is that TCS,

03:52tax collected at source, which is the report, which is the e-commerce operator,

03:57which is the TCS, which is the case of filing, which is the operator,

04:07whether Amazon or Flipkart, or Miso. So what happens is that if you have a order,

04:13when you have a order cancel, or return, then what happens is that you have a tax,

04:22and return, which is the tax. So if you have a tax, which is the operator,

04:27which is the operator, which is the e-commerce operator.

04:29The responsibility of the operator is the responsibility that you have to adjust,

04:33or if that is gone or if you have to go, if it is the order,

04:37or if it is the order, which is the delivery, then you will get the TCS,

04:40which is the GST portal that you will be completed and you will get the TCS filing process.

04:45is

04:47the

04:49customer order

04:51to

04:53you

04:55can

04:57you

04:59can

05:01you

05:03can

05:05you

05:07can

05:09you

05:11can

05:13you

05:15may

05:17and

05:19you

05:21can

05:23you

05:25can

05:27you

05:33can

05:391,180 गा और उसमें 10 रुपे का उसने TCS काट के आपको 1,170 रुपे आपके उसमें settlement कर दिया

05:45अब करने के बाद में क्या होता है कि जब कोई भी घर return हो जाता है

05:49तो मीशो ने आपको क्या करेगा return के case में बता रहा हूं

05:52कि मीशो एक credit note issue करता है

05:55अब यहाँ पर यह credit note कोन कर रहा है

05:57मीशो एशू कर रहा है return के case में

06:01अब यहाँ पर मीशो ने क्या किया

06:021,000 जो उसमें था उसमें 18% GST मिला के

06:051,180 रुपे का उसने credit note issue कर दिया

06:09अब यहाँ पर क्या होता है कि इसका मतलब है कि आपकी sale जो होती है

06:13उसने अपनी sale को क्या कर दिया

06:15निल कर दिया

06:16मतलब कि माल गया और जाके वापस आ गया

06:19अब इसमें क्या होता है कि वो जो credit note होता है

06:22यह credit note अभी issue किया गया है

06:25यह मेशो ने credit note issue किया है

06:28ना कि आपने issue किया है

06:30यह चीज आपको दियान में रखनी है

06:31So this case is what is the credit note that you record is TCS liability to use it.

06:40So this market place is like Amazon or Flipkart.

06:45If you look at this credit note that you don't have to issue it.

06:50So this is the credit note that you have to use this credit note that you have to use this credit note.

07:14What is the credit note that you have to give the credit note that you have to do it.

07:20What is the credit note that you have to use it to save money?

07:25It's not too much.

07:27So this credit note

07:30If you have the credit note that you get a credit note you will have to pay your credit note.

07:37It's very simple.

07:39This is a simple concept of the operator's tax adjustment, which is how it will be.

07:45The original sale was $1000, and the TCS was $10, and the TCS was $10, and the TCS was $10.

07:53The sale case was $10, which was $10, which was $10, which was $10, which was $10, which was $10, which was $10, which was $10.

08:08This is a price of credit note.

08:14The lightity promised by the BLAF by the C passing's tax adjustment, which remained debt as $10 oflevator four of the increase cost or less the cost running costs,

08:30the 0.8 percent of those taxes here are $10, which is also $10.

08:37in the middle of the day,

08:39which is not going on,

08:41which is not going on,

08:43until the case is not going on,

08:45that seller has no credit note

08:47issue actually not done.

08:49So if you do not have

08:51two conditions here,

08:53first condition is

08:55which case is,

08:57because the issue has no credit note issue

08:59then here is what is the seller

09:01which is not going on,

09:03so in the US,

09:05state that you can bet on it.

09:11A

09:22fortune

09:24of

09:26the

09:26world

09:28of

09:28the

09:30world

09:31the

09:31world

09:32of

09:33the

09:34I will tell you about this.

09:36If you want to check it out,

09:38section 52 of CGST Act.

09:42Tax Collection at source TCS

09:44is used to be used to study.

09:48What is the operator?

09:50Monthly GSTR rate

09:52and credit nodes

09:54adjust to the sale

09:56and seller.

09:58GSTR 2A

10:00and 2B

10:02This is the theory portion.

10:04What happens to you?

10:06What happens to you?

10:08If you have an online marketplace

10:10if you have a report

10:12then report check

10:14first, if you have a report

10:16you will see

10:18here

10:20in two reports

10:22you will see

10:24TCS Sale

10:26and TCS Sale Return

10:28here

10:30which means

10:32you have a credit node

10:34which means

10:36the return

10:38which means

10:40the credit node

10:42issue

10:44and the GSTR 8

10:46which means

10:48the entry

10:50which means

10:52the sale

10:54which means

10:56which means

10:58this

11:00is

11:02the

11:04sale

11:06which means

11:08that

11:10you will see

11:12invoice

11:14this

11:16reference

11:18this

11:20is

11:22this

11:24reference

11:26this

11:28reference

11:30if

11:32you will see

11:34if

11:36you will see

11:38the

11:40invoice

11:42here

11:44you will see

11:46here

11:48the

11:50details

11:52if

11:54you will see

11:56if

11:58you will see

12:00the

12:02invoice

12:04if

12:06you will see

12:08you will see

12:10you will see

12:12this

12:14reference

12:16if

12:18you will see

12:20if

12:22you will see

12:24you will see

12:26that

12:28you will see

12:30the

12:32invoice

12:34in

12:36invoice

12:38you will see

12:40this

12:42reference

12:44you will see

12:46this

12:48page

12:50here

12:52you will see

12:54here

12:56you will see

12:58this

13:00page

13:02you will see

13:04here

13:06you will see

13:08you will see

13:10rules

13:12study

13:14study

13:16here

13:18you will see

13:20you will see

13:22if

13:24you will see

13:26if

13:28you will see

13:30you will see

13:32this

13:34this

13:36this

13:38marketplace

13:40monthly

13:42invoice

13:44you will see

13:46you will see

13:48you will see

13:50monthly

13:52services

13:54you will see

13:56charges

13:58you will see

14:00refund

14:02return

14:03the

14:04taxes

14:05you

14:06refund

14:07refund

14:08you

14:09credit

14:10issue

14:11so

14:12benefit

14:13you will see

14:15you will see

14:17this

14:18return

14:19section

14:20in

14:21july

14:22month

14:23june

14:24month

14:25june

14:26month

14:27june

14:28month

14:29june

14:30month

14:31june

14:32june

14:33june

14:34june

14:35june

14:36jewelry

14:37june

14:38june

14:55month

14:56june

14:57month

15:01june

15:02ूइ

15:08ूइ

15:10ूइ

15:12ूइ

15:14ूइ

15:16ू

15:30ू

15:31credit note now here are the b2b credit note here b2b is the credit note

15:37amazon flip card me show which you can see here you can see flip card or amazon

15:46this credit note here is the monthly message which you can see in invoice

15:54will be

16:00different

16:06foreign

16:09foreign

16:14foreign

16:18foreign

16:22foreign

16:24where you can buy in

16:24so you can find

16:26a flip card

16:28a flip card

16:30or Amazon

16:31here

16:32flip card

16:33total

16:34if you can pour

16:35flip card

16:36total

16:37tax per

16:3739,000

16:39and itc

16:407,000

16:41so this

16:42this

16:42monthly

16:45charges

16:45flip card

16:47flip card

16:4840,000

16:49may

16:50month

16:51that

16:51is

16:51that

16:52foreign

16:59foreign

17:06foreign

17:11foreign

17:16table number 13

17:18GSTR1

17:20which is a credit note

17:22which is a market place

17:24which is a credit note

17:26which is not a serial number

17:28which is not a

17:30entry

17:32which is not a

17:34market place

17:36which is a flip card

17:38which is a credit note

17:40which is not a

17:42information

17:44which is a credit note

17:46because table number 12

17:48section 3

17:52table number 13

17:54this is a credit note

17:56because flip card

17:58which is the data

18:00which is not a it

18:02not a credit note

18:04because flip card

18:06which is a credit note

18:08you can see

18:10this is the documents

18:12� रिपोर करने पर आपको दिखा देता हूं जो रिफंड वाले होते हैं जैसे मैं

18:42pick no matter

18:49now

18:57i think

18:59if package reference

19:01then

19:03note

19:05the

19:10default

19:11This report is provided by the GSTR 8, and the data provided by the GSTR 8,

19:17that you can provide a reference to the data,

19:21so that you can't match any future.

19:24If you have recorded,

19:28then you can have a reference number,

19:30or credit note,

19:32which you can provide a order number,

19:37in a unique field. So, this is the data which we will cross check. In this case, you will

19:42have a lot of data that you will check in the future. If you will check in the future,

19:46then you will match the data. So, this is the last thing I will say that the GSTR

19:531 is the table in which you will have a table number 13 in which you will have a credit

19:58note in which you will have a marketplace. So, in which you will have a credit note

20:05entry, you will have to do it at the top level level. So, if you will make credit note

20:2213 in which you will have a credit note. If you will make credit note in which you will

20:29do not do it. If you like and share it, don't forget to subscribe to my channel.

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