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Credit note
I have reversed the credit note itc in 3b of 2018-2019 returns in reverse itc column now in annual return the itc is showing without deducting credit note itc How to show in annual return
Replies (9)
Quick Summary
Yes in table 6A the ITC reflected from GSTR 3B does not Include the reversal. So declare such reversal in table 7H.
In 6a which itc we should ahow after deduction of reversal of itc or the it. Showing in 6a
You cannot report any amount in table 6A , it's autopopulated figure from GSTr 3B & it not editable.
There are 2 ways show such entries
Report net ITC by reducing reversal in table 6B .
or
Report Gross ITC (without reversal) in table 6B & in table 7H report the reversal amount.
In my view 1st option is better.
There are 2 ways show such entries
Report net ITC by reducing reversal in table 6B .
or
Report Gross ITC (without reversal) in table 6B & in table 7H report the reversal amount.
In my view 1st option is better.
What about the differnce that will come after doing option 1
Can Report difference amount in 6M
Ok i will reply after doing the same thank u sir
After putting reversal amount in 6M , 6O will be match with 6A
The itc of 17-18 which is claimed in 18-19 will be shown in 6B
No...... the same need to be report in 6M & ITC for 2018-19 (As per Book) need to be reported in 6B
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