please suggest how to deal of credit note issue by suppliers to us in gst 1 and gst 3b how and whats treatment requires in which column i have to fill data in coloumn in gst
Menu
Gst debit/ credit note
Replies (1)
When supplier issues Credit Note to you:
You should reverse the corresponding amount of ITC in GSTR-3B in column 4(B)(2). Nothing is required in GSTR-1.
When supplier issues Debit Note to you:
Your ITC will increase and include the same amount in GSTR-3B in column 4(A)(5). Nothing is required in GSTR-1.
GSTR-1 is a return of outward supplies. You are not required to mention the above details.
Recent Threads
- TDS Challan interst amount wrongly paid as surchar
- Query on TDS & Stamp Duty
- Query on form 26QB and TDS deduction
- Received this confusing IT notice. How to reply
- Houston Sign Company For Custom Signs, Banners &am
- Refund due to change in GST Rate Tobacco Products
- Lease related query can we rent out lease ?
- Planning of Ceased a Business i.e Closure of Compa
- Property value in 26QB
- Form 26QB Multiple Buyer/Multiple seller
Related Threads
CAclubindia
