If a reg supplier who supplied goods on july 2017 but same returned to him in mar 2018 and he has issued Credit note in the same month ie; in march and reduce his sale in gstr 1 for mar,
now the question is how to take credit of tax paid for the same ??
Menu
Credit Note
Replies (8)
consider credit note in your return and your liability will reduce, subject to reversal of itc by the recipient.
but credit note was issued in the month of mar for interstate supply whereas there was no interstate supply for the sade month,
so can we settoff IGST(Which is paid at the time of original supply) against Liablity of CGST and SGST for the month of mar ??
so can we settoff IGST(Which is paid at the time of original supply) against Liablity of CGST and SGST for the month of mar ??
yes, include credit note in the return of month of March
ok thnku...
making a inward supply with respect to credit.note and taking into the igst for set off
Report it in Your Gstr1, & in 3B you can reduce your tax liability only when you got a sale under same head
Pankaj Rawat described cleary
@ Subhagan
I think I had clarified .
Sale Return : Report it in GSTR 1, under table Credit Notes. & In 3B you will be able to reduce your liability only when you have a sale
Recent Topics :
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
Related Topics :
CAclubindia
