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gstr 3b
if igst input for current month is 108 and credit note value for igst is 3911. so what amt we have to pay for igst
Replies (14)
Credit note value should be reduced from the outward tax liability of the current month.
so the igst itc amt is 108 - 3199 = -3803.2
credit note is against sale..??
no purchae. credit note reflected in gstr 2A.
If credit note is against purchase then you should add the amount in ITC not reduce.
is it.. thanku so much
No,
If it is reflecting in GSTR-2A, that mean it is showing credit notes of your supplier.
and they are debit note for you.
In this condition it should be deducted from your ITC.
If it is reflecting in GSTR-2A, that mean it is showing credit notes of your supplier.
and they are debit note for you.
In this condition it should be deducted from your ITC.
ya.. thats y i m askng. my ITC IGST 108. CGST 3000, SGST 3000. CREDIT NOTE 3911
reverse it in 'others' head
in wat tab.. can u tel me the amt wit abv exampl
Where you claim the ITC and in 'reverse' head sub head 'others'
Claim ITC as per current month details and reverse the ITC of credit note of 3199 IGST.
In net ITC head amount will be (-3091).
Claim ITC as per current month details and reverse the ITC of credit note of 3199 IGST.
In net ITC head amount will be (-3091).
negative sign is not acceptd
Acceptable in ITC tab.
You only fill the amount in ITC reversal in OTHERS head.
it will automatically deduct it from 108 IGST
You only fill the amount in ITC reversal in OTHERS head.
it will automatically deduct it from 108 IGST
ok will check it out
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