Debit Note reg.

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101 Points Posted on 19 January 2021
I have to reverse the debit notes ITC's in 3B . Shall i reverse our debit notes itc's or as per 2B credit notes itc's( from the party sides)
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On 19 January 2021 at 13:45 Report
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This discussion addresses the correct procedure for reversing Input Tax Credit (ITC) related to debit notes in the GSTR-3B filing. The core question is whether to reverse ITC based on your own debit notes or to follow the ITC reflected in GSTR-2B, specifically concerning credit notes issued by suppliers. The consensus leans towards reconciling and reversing based on the data available in GSTR-2B after verifying all invoices.

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Chartered Accountant
24588 Points Posted on 19 January 2021
As per 2b credit note itc's
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On 19 January 2021 at 14:05
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Tax consultant
5895 Points Posted on 19 January 2021
As per 2b after cross verify all invoices are reported or not
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On 19 January 2021 at 14:34

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