credit note amount

Divakar

Student CA Final

11857 Points Posted on 16 February 2018

Yes u can... That is ur itc

RAJA P M

"Do the Right Thing...!!!"

128147 Points Posted on 16 February 2018

Yes... You can.

If You have any Outward supplies then Less the Credit Note values in Your Outward Supplies.. Otherwise You can show it in "ALL OTHER ITC" column...

NAGA

ACCOUNTANT

524 Points Posted on 16 February 2018

Thank you very much sir

NAGA

ACCOUNTANT

524 Points Posted on 10 March 2018

Dear raja Sir, one small doubt, actually it is not purchase (only sales return), if I Show in itc column, it is reflected on purchases. so is it correct to show in itc, and is there any problem in audit. please kindly clarify sir.

Divakar

Student CA Final

11857 Points Posted on 10 March 2018

U can less it from ur output tax liability

NAGA

ACCOUNTANT

524 Points Posted on 10 March 2018

sir, but output tax liability is less than credit note value and what about balance amount.(credit note - output tax).

Divakar

Student CA Final

11857 Points Posted on 10 March 2018

Then show it as ur itc in gstr3b... In gstr3b no purchase details has been entered.... In GSTR1 ur output liability came less as u entered credit note also... So no problem at all

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