i have received credit notes from my supplier, pls explain clearly the treatment in GSTR-3B , how can adjust against outward liability in GSTR3B, please explain in brief.
Expert :
Anonymous
Expert :
Anonymous
(Expert)
21 November 2018
Credit note received from Your supplier then the Tax value will be less in your ITC value...
Querist :
Anonymous
Querist :
Anonymous
(Querist)
22 November 2018
sir, as per your answer i understand that the value of tax in credit should be reduced in ITC value, i have to adjusted any outward supply value or not, sir please guide me clearly.
25 November 2018
If the Credit Note amount = taxable value (Rs. 100) + GST (Rs 18) In GSTR 3B you will reduce Rs. 100 from the outward supplies and reduce Rs. 18 from the tax liability In GSTR1 the credit note will be shown separately
CAclubindia
