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Credit note figure in GSTR 3b

Anshuman Basu (account -GST) (1547 Points)

29 June 2021

We have no ITC in this month(May 21)
But We have one Credit note.
Now question is in which column in GSTR 3B we show credit note figure

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10 Replies

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 29 June 2021

Credit note regarding sale or purchase?

Anshuman Basu (account -GST) (1547 Points)
Replied 29 June 2021

Credit note issued by my client

CA Altamush Zafar (GST Consultant) (15907 Points)
Replied 29 June 2021

You are the seller?.............

PRASANT BISOYI (249 Points)
Replied 29 June 2021

Under GST the supplier only has to issue credit note.

If u have issued any credit note to your Customer/client, then the same has to disclose under Form GSTR-1 and also in Form GSTR-3B (table 3.1.a). But there is no problem if u don't have any ITC. The value of credit note will adjust from ur outward supply.

If u have received any credit note from ur Supplier then, u have to reverse your ITC from your current month return. As u said if there is no ITC available then u can adjust the same in next month return or if u will disclose the same under reversal (table4) of current month, the same will autopopulate in payable of table 6 then u have to make the payment through e-cash ledger.
It's better to adjust the credit note in next month return.

Anshuman Basu (account -GST) (1547 Points)
Replied 29 June 2021

we purchased air tkit from Air India. To day we saw in GSTR 2b Air India issu Debit note.

sir we are not understand

PRASANT BISOYI (249 Points)
Replied 29 June 2021

Air India issue debit note to you. Debit note is for increase in price. So, simply add the same in ur working of ITC and disclose the same in ur books, if not recorded. Then in ur return disclose the amount of debit note as all other ITC in Table 4 of Form GSTR 3B

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Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 30 June 2021

Dear Anshuman

Report it under table 4(B)(2) , other reversal , in fact it must be autopopulate thereon.

Note: Reverse the Expenses with ITC in your book of account as accordingly.

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 30 June 2021

Sorry Anshuman for above reply as in your Query Heading you have mentioned Credit Note.

Yes if it is debit from Company which being reflected in your 2B under Debit Note Section, then Do claim the ITC for the same in table 4. & I think it must have autopopulate thereon.