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Credit note

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401 Points Posted on 06 October 2020
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
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On 06 October 2020 at 07:14 Report
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GST Practitioner
55067 Points Posted on 06 October 2020
Yes in table 6A the ITC reflected from GSTR 3B does not Include the reversal. So declare such reversal in table 7H.
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On 06 October 2020 at 07:21
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401 Points Posted on 06 October 2020
In 6a which itc we should ahow after deduction of reversal of itc or the it. Showing in 6a
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On 06 October 2020 at 07:27
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GST Practitioner
55067 Points Posted on 06 October 2020
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.
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On 06 October 2020 at 07:45
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401 Points Posted on 06 October 2020
What about the differnce that will come after doing option 1
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On 06 October 2020 at 07:53
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GST Practitioner
55067 Points Posted on 06 October 2020
Can Report difference amount in 6M
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On 06 October 2020 at 07:54
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401 Points Posted on 06 October 2020
Ok i will reply after doing the same thank u sir
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On 06 October 2020 at 07:57
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GST Practitioner
55067 Points Posted on 06 October 2020
After putting reversal amount in 6M , 6O will be match with 6A
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On 06 October 2020 at 08:03
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401 Points Posted on 06 October 2020
The itc of 17-18 which is claimed in 18-19 will be shown in 6B
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On 06 October 2020 at 08:39
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GST Practitioner
55067 Points Posted on 06 October 2020
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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On 06 October 2020 at 22:56


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