Adjustment of Credit note against RCM invoice

You should reduce the same in next month's RCM liability (If any).

If we have no RCM invoice then how I adjusted

It's not possible to adjust the excess liability.
Only you have to adjust the same in annual return and claim refund for excess payment.

@ Kanchan Ambavale.,

Adjust Your books. No more/need any adjustments in GSTR 3B return...


@ Anshuman Basu.,

If You don't any other rcm activities then no need any adjustments in return. Only in Your books...

Hi,

for RCM credit we get RCM credit Rs.5000/- for that month and in next month we are showing credit note Rs. 2000/- in gstr 3B against that RCM credit.

it is right ?

it is possible

If you don't have liability under RCM next month then you have to adjust in the subsequent month if there is no liability under RCM in subsequent month of that Financial year the you can adjust the same in annual return.
But you can not adjust it against Normal ITC ot your tax liability under normal Taxable supply.

No... Rcm credit note not reflect or effect in GSTR 3B return. So, no way for adjust and credit of ITC...

@ Mr Bhupendra., Can explain Your answer with details...

Sometimes it is possible that your credit note amount exceeds your actual sale in the particular month so in that case CBDT has issue a clarification that the excess amount you can adjust in subsequent month returns.
In our case we don't have RCM liability so we are unable to adjust it and you can't put negative figure in GST return so in such cases we can refer that clarification and will adjust the credit note of RCM next in subsequent month in which we have the RCM liability. If no RCM liability till the September of subsequent years (September month is because last day of claiming credit is due date of September month or Annual return filling whichever is earlier) so then you can adjust that credit in Annual return.

Please give details as per query of rcm credit note adjustment. No need to say normal CN and CBDT clarification...
Rcm liability showing ourselves with taken ITC the same. After that where is allow/available for the CN value and details...

There is no separate provisions for CN/DN under RCM supply.
we need to take the reference of Normal supply for the same.

In Rcm basis Liability & ITC booked by Taxpayer's own inserts in GSTR 3B return.
Here no more effects for credit / debit note in GSTR 3B return... It's only can be adjusted in Books of Accounts...

Think about the same for replies. If You are stand the same then elaborate with details...

If someone provide you the service which covers under RCM and on which you have paid the tax amount Rs. 50000 (For example) and later the supplier gave you credit note which reducing your tax liability by 20000. The supplier will return you only basis amount and what about the tax you have paid in excess 20000 out of your pocket.
We cannot let it go by just adjust in books of account.
What will you do for that 20000 you paid to government??

Well...

Question is not a answer...!

You say as "reduce/adjust the CN amount in GST returns" -
My question and clarification from You - How is possible...?

If once shown the liability and ITC then where/how will the same as CN in GSTR 3B return and annual return...?

If You have details then give. If don't have proper details or answer then simply leave it...

Don't be ask reverse question...
I ask the details against Your replies... right...?