Debit note

You are required to reverse the ITC if conditions under section 15(3)(b) are satisfied.

TABLE 4(B)(2) i.e. ITC reversed-Others.

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....?

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.