Input tax reversal against credit note received
This query is : Resolved
29 August 2018
EXAMPLE:
A-- SUPPLIER
B- BUYER
A issued credit note to B for discount. B wants to reverse input tax already claimed. Where B wants to make entry in GSTR 3 B (WHICH COLUMN )and GSTR1 9WHICH COLUMN)
i think , it will not effect GSTR1 any column.
Thanks for immediate reply
A-- SUPPLIER
B- BUYER
A issued credit note to B for discount. B wants to reverse input tax already claimed. Where B wants to make entry in GSTR 3 B (WHICH COLUMN )and GSTR1 9WHICH COLUMN)
i think , it will not effect GSTR1 any column.
Thanks for immediate reply
29 August 2018
what is the journal entry for input tax reversal for discount received( credit note received)
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