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Credit Note and debit Note in GSTR3B

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This query is : Resolved

Quick Summary

This discussion clarifies how to handle credit and debit notes from vendors that appear in GSTR 2A. You should book these memos in your accounts, adjusting your input tax credit accordingly. For subsequent months, reduce your current month's ITC by the note's value and report the net figure in the 'all other ITC' section of your GSTR 3B.

Reena

Reena (Querist)

22 December 2020 Dear Sir/Madam

credit Note and Debit Note raised by vendor and it is reflected in 2A, In GSTR3B where should I report these.

Gokul Sharma

Gokul Sharma (Expert)

22 December 2020 you should have to book purchase credit memos / purchase invoice in your books .........and increase/reduce your input tax credit for the above.

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Nandini H Gupta

Nandini H Gupta (Expert)

22 December 2020 Reduce the same in the subsequent month ITC and show net figure in all other ITC tab of GSTR 3B.
Eg : CN -10 and ITC for current month -100 then show 90 in all other ITC tab

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