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Credit note related issue in 3B

10 June 2018

If goods returns is related inter state Sale but there is no any interstate sale in Current month? Can I adjust CGST & SGST output payable?how to treat it in GSTR 3B?

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18 Replies

Jatin (Accountant) (3479 Points)
Replied 10 June 2018

No, you can't adjust CGST & SGST

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Faheem Akram (802 Points)
Replied 10 June 2018

so what will be treatment in GSTR 3B

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MURALI NADIMINTI (502 Points)
Replied 10 June 2018

we can adjust Igst with Cgst and sgst. since we have received taxable credit note. in this it will be shown as credit note in 3B

Us 16[1] Every registered person shall, subject to such conditions and restrictions as may be prescribed and in the manner specified in Section 49, be entitled to take credit of input tax charged on any supply of goods or services or both to him which are used or intended to be used in the course or furtherance of his business and the said amount shall be credited to the electronic credit ledger of such person.

[2] Notwithstanding anything contained in this section, no registered person shall be entitled to the credit of any input tax in respect of any supply of goods or services or both to him unless,--

[a] he is in possession of a tax invoice or debit note issued by a supplier registered under this Act, or such other tax paying documents as may be prescribed.

prakin singhal (314 Points)
Replied 10 June 2018

No, liability of IGST cannot be set off with CGST and SGST. You should file the details of credit note in GSTR-1 and rectify the same with later period IGST payable or in Annual return.

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Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 10 June 2018

Yes ,. agree with Mr. Prakin

One wayout is Show it under table 4 Reverse ITC in row (2) others

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MURALI NADIMINTI (502 Points)
Replied 10 June 2018

I agreed with Mr. Prakin. but it is sales returns ie received credit note. IGst credit.

IGst credit can utilised with laibilty of Cgst and sgst.

if am wrong, pls correct it.

in 3b, we will be shown all other input credit s.

Faheem Akram (802 Points)
Replied 10 June 2018

murali...plzz if u don't have any idea plzzz Dont Comment

MURALI NADIMINTI (502 Points)
Replied 10 June 2018

sorry Mr.Faheem.

Pankaj Rawat (GST Practitioner) (55057 Points)
Replied 10 June 2018

Dear Faheem Akram plz don't be so harsh, as Mr. mr. Murali might have misread your query.

Moreover we all are sailing on same ship of GST 🤸hurdles & Troubles , new to everyone , chilled & enjoy 😀👍

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Jatin (Accountant) (3479 Points)
Replied 10 June 2018

Agree with Mr. Pankaj,

@ Faheem, Please understand

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RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 10 June 2018

But, I agreed to Mr MURALI NADIMINTI 's view...

If not can anybody give what about the debit note of inter state sales return (IGST). It's a Inward...
How to accountability for the Debit note in GSTR 3B's view or show...

MURALI NADIMINTI (502 Points)
Replied 10 June 2018

Now GST is our new challenge,we try to overcome

Faheem Akram (802 Points)
Replied 10 June 2018

😊😊😊😊

RAJA P M ("Do the Right Thing...!!!") (128106 Points)
Replied 10 June 2018

@ Mr MURALI NADIMINTI,

May be Yes...

But, Not in always...

As per my view and understandings...

The GSTR 3B is new insertion and it's not in MGL...

So, we can convert our transactions like Inwards and Outwards...

No need confusion about without column of C/D note...

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