ITC REVERSAL AGAINST CREDIT NOTE RECD
This query is : Resolved
26 June 2020
SIR,
I WANT TO KNOW WHETHER WE HAVE SHOW ITC REVERSED AGAINST CREDIT NOTE RECEIVED AGAINST PURCHASES IN GST-3B RETURN IN THE COLUMN OTHER REVERSALS.
REGARDS
I WANT TO KNOW WHETHER WE HAVE SHOW ITC REVERSED AGAINST CREDIT NOTE RECEIVED AGAINST PURCHASES IN GST-3B RETURN IN THE COLUMN OTHER REVERSALS.
REGARDS
27 June 2020
You have to avail ITC on net amount .i.e, ( tax amount + credit /debit note) in GSTR 3B. ITC on credit note is not covered under reversal.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- EPF ECR NEW FILE SEP 17TH 2026
- SECTION 393(3) TAX ON CASH WITHDRAWAL
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- TDS on Fixed Assets purchased
- Capitalgain tax purposes for valuation report compulsory
- Non filing of I T Returns
- Oct 2025 Invoices
- Import of Software Service.
- Clarification Requested: Gift → NRO → NRE → Overseas Transfer - USA/CANDA (FEMA & Tax Compliance)
- How to Handle Active E-Invoices in GST Portal Deleted from Tally?
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
- Guidance Needed: Linking Multiple Form 26QB Payments and Responding to ITD Defaulter Notice
- How to pay remaining amount of TDS after due date?
- Resigning a auditor from the company for misconduct
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
