IGST Credit note adjustment in 3B

Kindly help.

I am having IGST credit note worth Rs. 100000/-.  I have not raised any bills after this credit note under IGST.  But I have output under CGST and SGST.  My query is how to adjust this IGST credit note in GSTR3B? is it possible to adjust against CGST/SGST output?

Replies (3)
Quick Summary
This discussion addresses how to adjust an IGST credit note of Rs. 100,000 when you have CGST and SGST output but no IGST output. You cannot directly adjust the IGST credit note against CGST/SGST. Instead, you can use it for future IGST liabilities or claim a refund via Form GST RFD-01A to transfer it to CGST and SGST credits for adjustment. Ensure accurate reporting in your GSTR3B return, specifically in Table 4 for input tax credit and Table 13 for adjustments.

You have an IGST credit note worth Rs. 100,000 and no IGST output, but you have CGST and SGST output. To adjust this IGST credit note in GSTR3B: 1. You can't directly adjust the IGST credit note against CGST/SGST output. 2. However, you can utilize the IGST credit note to pay IGST liability on your future outputs (if any). 3. If you don't have IGST output, you can transfer the IGST credit note to CGST and SGST, but only after obtaining a refund of the IGST credit note. To transfer the IGST credit note to CGST and SGST: 1. File Form GST RFD-01A to refund the IGST credit note. 2. Once the refund is processed, the IGST credit note will be transferred to CGST and SGST credits. 3. You can then adjust the transferred credits against your CGST and SGST output. In your GSTR3B return: 1. Report the IGST credit note in the "Input Tax Credit" table (Table 4). 2. Show the transfer of IGST credit note to CGST and SGST in the "Adjustments" table (Table 13). Consult a tax professional or expert to ensure accurate reporting and compliance. Remember, the IGST credit note can only be utilized for IGST liability or refunded, not directly adjusted against CGST/SGST output.

Thank you very much for the reply.

Sir I have a Query if we have CGSTand SGST creditnote can we adjut the same against IGST output tax?

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