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Mariappan (Student CA final new)     23 June 2021

Credit Note on GST Return

Credit Note issued by the supplier any implications in GST return of the receiver?


 4 Replies

CMA Poornima Madhava

CMA Poornima Madhava (CMA)     23 June 2021

ITC to the extent of c/n to be reversed in GSTR3B.
Mariappan

Mariappan (Student CA final new)     23 June 2021

Supplier has not issued credit note mannualy, he directly updated credit note in GST portal?
CMA Poornima Madhava

CMA Poornima Madhava (CMA)     23 June 2021

No problem, you may ask him to provide a copy of the same for records and audit purpose.
CA Altamush Zafar

CA Altamush Zafar (GST Consultant)     23 June 2021

Corresponding ITC will have to be reversed

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