Credit Note on GST Return

Mariappan (Student CA final new) (106 Points)

23 June 2021

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

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4 Replies

CMA Poornima Madhava (CMA) (13112 Points)
Replied 23 June 2021

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

Mariappan (Student CA final new) (106 Points)
Replied 23 June 2021

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

CMA Poornima Madhava (CMA) (13112 Points)
Replied 23 June 2021

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

CA Altamush Zafar (GST Consultant) (15986 Points)
Replied 23 June 2021

Corresponding ITC will have to be reversed

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