I received some goods against invoice by a supplier. Due to wrong design i sent it back.
Supplier issued credit note to me for that invoice.
In my gstr3b :
1. Will cn be entered as a itc reversal , if yes under which table ?
Or
2. Should i deduct that cn gst amount from my monthly itc and quote the resulting amount directly in 4a (5).
gstr3b credit note entry table ?
Replies (3)
2nd option is best because if you use first one you will have interest liability occur as it is for wrong reversal of ITC.
you only have 1st option..... 2nd one is not so correct....
somebody plz comment on this
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