ITC Decrease
This query is : Resolved
02 March 2023
Dear Sir
We have Send Dr. Note to Supplier for Goods Shorts from Supplier reduce the ITC in books but Supplier has yet not Reflect in his GSTR-1 Now ITC as per books and ITC available as GSTR portal are Difference so please suggest what to do in case.
We have Send Dr. Note to Supplier for Goods Shorts from Supplier reduce the ITC in books but Supplier has yet not Reflect in his GSTR-1 Now ITC as per books and ITC available as GSTR portal are Difference so please suggest what to do in case.
02 March 2023
Once you reduce ITC due to short receipt of goods your compliance is over. When the supplier will file credit note your ITC in GSTR-2B will get decreased and decreased ITC will be shown in that month's GSTR-3B. You will have to raise that amount in that month since you have already reversed the ITC amount before
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02 March 2023
No need to worry if you have taken the ITC as per goods received and debit note provided to supplier.
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