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Credit note

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(Querist)
04 March 2020 In the month of May 2019 we sale to party for Rs. 13,40,317/- + 204455/-(IGST) = Total Invoice value Rs 1340317/-.

In the month of February 2020 the party return the some part of the materials to us ( technical ground), accordingly we generate Credit note to party for Rs 739066/-+ 1,33,032/-(IGST) = Total credit note value is Rs 8,72,098/-.

In the month of FEBRUARY 2020 we have no business and I thinks March 2020 will be no business .

We have no Cash Ledger balance and no Credit Ledger Balance in our GST Portal and we have no GST Liabilities

Now question is-
1/How I adjusted the credit note amount for Rs 133032/-in our GSTR 1 and GSTR 3B?
Should we put in GSTR3B column no 4B (ITC Available) for Rs 133032/-
Please Guide us in this case
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CA PARAS BAFNA

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CA PARAS BAFNA (Expert)
04 March 2020 In GSTR-1, you can file the details of credit note under CDNR.
In GSTR3B we have the only option to show it as ITC available.
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