When I submitted DEBIT NOTE IN GSTR1, THEN PORTAL NOT ACCEPTED DEBIT NOTE. HOW CAN REVERSE INPUT TAX ?
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Debit note
Replies (8)
You should reverse the corresponding amount of ITC in GSTR-3B in column 4(B)(2). Nothing is required in GSTR-1.
less debit note amount in eligible ITC in GSTR 3B relavent month
the supplier will reverse it via credit note
yes supplier made credit note, then gstr3b 4(b) reverse I will refund that credit note amount
don't reverse it just deduct that amount from your relevant month itc while claiming in gstr3b
mr Abhishek sir latest movie forum and other are advice this DEBIT NOTE amount reverse in gstr3b coloum 4 (b) pl clarify me I am confused
tarun sir both the ways are correct. you can directly incorporate it in the ITC or reverse it in 4 b.
Its better to Show under Reversal column in 3B , as its going to autopulate in annual return form
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