my client received credit note from creditor and where to show in gst whether gstr 1 or gstr 3b
plz help me
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Credit note
Replies (3)
When supplier issues Credit Note to you:
You should reverse the corresponding amount of ITC in GSTR-3B in column 4(B)(2). Nothing is required in GSTR-1.
When supplier issues Debit Note to you:
Your ITC will increase and include the same amount in GSTR-3B in column 4(A)(5). Nothing is required in GSTR-1.
GSTR-1 is a return of outward supplies. You are not required to mention the above details.
Any credit note or debit note uploaded by supplier only
Reduce the ITC for that month & show net ITC in 3B
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