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Credit note received from supplier
Sir what to do with credit note received from my supplier, how can I reverse proportionate credit in respect such credit note in which I have already availed ITC against the original invoice
Replies (4)
Credit Note from Suppliers means it's Purchase Return, Amount of GST has been mentioned in credit Note, you are required to Reverse the same from your ITC in GSTR 3B in "other ITC" column (i.e deduct that much ITC from your current ITC, like other Purchase Return)
Should I reverse ITC in Gstr 3b other ITC reversal column
Yes, deduct that from your current month ITC
e.g Current month net ITC 40,000
credit note 6,000 than in other ITC column show net ITC of Rs. 34,000 in GSTR 3B
e.g Current month net ITC 40,000
credit note 6,000 than in other ITC column show net ITC of Rs. 34,000 in GSTR 3B
We are gat the material he is rejected so that ae are made sales invoice. so supplier also made credit note for same invoice. How to reject in 3b
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