I received Debit Note (Discount /Incentive) from company...
How should i show in GST returns 3B
If i receive 10000 (including GST)
Should i liable to pay Output GST on Debit note of discount received?
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Debit note
Replies (7)
You are required to reverse the ITC if conditions under section 15(3)(b) are satisfied.
How should i show this 3B
TABLE 4(B)(2) i.e. ITC reversed-Others.
https://www.caclubindia.com/articles/actions-to-be-taken-before-30-sept-2018-34551.asp
Whats this link tells
Whats this link tells
| Originally posted by : Venkatesh K N | ||
 |
I received Debit Note (Discount /Incentive) from company...How should i show in GST returns 3BIf i receive 10000 (including GST)Should i liable to pay Output GST on Debit note of discount received? |  |
Are You received Debit Note or Credit Note....?
Is the Document have GST or Flat discount....?
The company gave Credit note (for me its Dr note)
In company didn't gave documentation but showed in annual statement..
So my query is, I have to reverse the ITC?
In company didn't gave documentation but showed in annual statement..
So my query is, I have to reverse the ITC?
Yes if in that credit note tax component is there, then you will have to reverse the ITC. ITC reversal amount is equivalent to tax amount mentioned in the credit note.
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