What is the full form of CDNR?
The CDNR Full Form in GST is Credit- Debit Notes (Registered). In case the value of a supply as reflected in the tax invoice changes, two types of notes come into play: credit and debit notes. These are legal documents used to alter the amount of tax payable.
Debit/credit notes?
Buyers get credit notes to lessen tax invoice taxable value. Registered companies must record credit and debit notes on time for GST compliance. By reflecting transaction value changes, CDNR helps firms pay GST appropriately. The ITC on credit note purchases may be reversed. Debit notes may require more ITC. Using CDNR data, supplier outbound supply (GSTR-1) and receiver purchase (GSTR-2) issues may be handled.
GST Portal CDNR Reporting: How?
Outbound supply GSTR-1 returns include the CDNR component. GSTR-1 return filing is on the GST site. People call the CDNR table “Credit/Debit Notes (Registered)”. Select “Add Record.” Complete credit or debit note details. Review and amend e-invoice auto-population data. Check the “Recipient-wise Count” for all recipient notes. Check data before submitting GSTR-1.
Additional CDNR Feature
Credit or debit notes may be modified. It shows data errors and inconsistencies for repair before submission. The GST gateway may allow bulk uploads for companies issuing several credit or debit notes.