15 January 2021
I have three credit notes and one debit note of October and November 2020, which I received in December 2020. Now, in Table 3.1 (d) which is for supplies liable under reverse charge (so credit note and debit note to be considered as supplies liable under reverse charge?) . so here I have to fill it for credit note as well as debit note taxable amount? and in Table 4(B)(2) for ITC reversal? If yes, in 3.1(d), I can show only debit note amount, how can I show credit note amount. - Please guide, if I have not understood. In Table 4(B) (2), I will show net of credit and debit note Tax, I have to pay? Request for guidance, as I am thoroughly confused for reversal of credit and debit note amount.
CAclubindia
