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Credit note

ITC / Input 318 views 11 replies
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802 Points Posted on 10 June 2018
If goods return of inter state Sale but there is no any interstate sale in Current month? Can I adjust CGST & SGST output payable?
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On 10 June 2018 at 15:04 Report
Replies (11)
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314 Points Posted on 10 June 2018
no, you can't adjust the same.
1 Reply
On 10 June 2018 at 15:11
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502 Points Posted on 10 June 2018
yes we can adjust IGST against Cgst and Sgst.
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On 10 June 2018 at 15:12
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314 Points Posted on 10 June 2018
You should show the credit note in GSTR-1 also
1 Reply
On 10 June 2018 at 15:16
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502 Points Posted on 10 June 2018
yes it is correct. should report in Gstr1
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On 10 June 2018 at 15:24
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802 Points Posted on 10 June 2018
i am asking i have credit note whice is related Inter state sale but current month we don't have any inter state so how to adjust in GSTR 3B
3 Reply
On 10 June 2018 at 15:34
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24 Points Posted on 10 June 2018
boss , just avail credit of igst against such credit note showing taxable value of goods returned.
1 Reply
On 10 June 2018 at 15:53
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502 Points Posted on 10 June 2018
if no Cgst and sgst liability, then credit will be carry forward or else adjust Cgst and sgst laibilty. in 3 B not showing outward sales and update in all other input credit column.
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On 10 June 2018 at 18:09
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802 Points Posted on 10 June 2018
it's distributed equally or First set off from CGST Tax liability?
3 Reply
On 10 June 2018 at 18:13
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502 Points Posted on 10 June 2018
First set off CGST and balance Sgst, still balance C/F.
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On 10 June 2018 at 18:15
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314 Points Posted on 10 June 2018
Agree with Mr.Murali
1 Reply
On 10 June 2018 at 18:20
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502 Points Posted on 10 June 2018
thank you Mr.Prakin.
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On 10 June 2018 at 18:24


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