what can I do if I received Credit Note from my Supplier the Input which was mentioned in such Credit Note
1.) will I do reversal the Input from my already exist Input for that particular Month (or)
2.) will I pay such Input through gst Chalana
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Input reversal
Replies (5)
first you make debit note.after you pay input
Reverse the input in your books
supplier a/c. Dr
To Purchase A/c. Cr
To Input A/c. Cr
supplier a/c. Dr
To Purchase A/c. Cr
To Input A/c. Cr
reversed the input by making debit note entry in your system
I am not asking account entries regarding Gst Portal activity in GSTR - 3B or pay the amount through Gst challana
In my opinion, adjust the input showing in credit nite with the ITC in the books and claim ITC after adjusting the credit note.
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