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Credit Note Issued
I have issued Credit Notes and shown correctly in GSTR1 but in GSTR3B I have shown under input and not reduced from Outward Supplies. What is the remedy ? I am yet to file with my March 2019 return
Replies (4)
The credit issued in which month? and march 3B not filed?
I will explain u by example . For example I have raised credit note of April 18 n considered it as input for April 18 for 3B instead of reducing from Outward supplies of April 3B . But while filing GSTR1 it is correctly shown in credit note table .
Firstly , you need to reverse the amount of input tax credit wrongly taken
and secondly in the next month in outward supply reduce the amount of tax by such amount ( credit note tax amount) . , as you had not reduced it in previously filed gstr 3b and had paid more tax.
| Originally posted by : CA NEHA RAMPURIA | ||
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Firstly , you need to reverse the amount of input tax credit wrongly taken and secondly in the next month in outward supply reduce the amount of tax by such amount ( credit note tax amount) . , as you had not reduced it in previously filed gstr 3b and had paid more tax. |
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Agree with mam
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