Credit note

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254 Points Posted on 11 June 2020
when credit note is raised and uploaded in GSTR 1 and when we are filing the GSTR 3b we have to adjust that...
here if credit note is of IGST liability ...
If in the current month we are not having IGST output can it be adjusted against CGST and SGST....output and can we deduct output liability...
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On 11 June 2020 at 21:51 Report
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Quick Summary
This discussion clarifies how to handle IGST credit notes when filing GSTR-3B. It explains that IGST credit notes cannot be directly adjusted against CGST or SGST output liabilities. The recommended approach is to reverse the credit note posting in the ledger, which will then allow for proper adjustment.

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GST Practitioner
55067 Points Posted on 11 June 2020
No......... you cannot adjust IGST output Reverse by Credit against CGST/SGST output.
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On 11 June 2020 at 22:33
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254 Points Posted on 11 June 2020
If I can't adjust the liability against CGST and SGST output then how can I reduce my liability if there is no IGST liability...pls tell me...
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On 11 June 2020 at 22:42
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Student
1321 Points Posted on 12 June 2020
You revere it while making postings to the ledger it will get adjusted.
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On 12 June 2020 at 11:20
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254 Points Posted on 12 June 2020
Thank u all...
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On 12 June 2020 at 22:10
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4215 Points Posted on 14 June 2020
Yes it is hold good
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On 14 June 2020 at 17:37

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