I have issued credit note under igst
this month I have not any payout under igst
how to claim igst against issued credit note
22 Replies
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 20 August 2022
You may enter the credit note details in GSTR-1 and claim ITC .
CA Rashmi Gandhi
(Chartered Accountant)
(86495 Points)
Replied 20 August 2022
Claim it in next month as most probably from next month or month thereafter availablility of negative values allowed in GSTR-3B.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 20 August 2022
You may amend the invoice to the extent of credit note if permitted
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 20 August 2022
Can adjust in the invoice amount..GST will be added in the ledger to that extent
CA Rashmi Gandhi
(Chartered Accountant)
(86495 Points)
Replied 20 August 2022
If there is no sales in IGST , how the same is adjusted.
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 20 August 2022
Do you know previous months invoices can be a ended in the current month?
CA Rashmi Gandhi
(Chartered Accountant)
(86495 Points)
Replied 20 August 2022
Yes but if there are no invoices in IGST and credit note belongs to IGST then you can't show it in GSTR-3B
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 20 August 2022
Invoice amendment has to be done through GSTR-1
CA Rashmi Gandhi
(Chartered Accountant)
(86495 Points)
Replied 20 August 2022
But why to ammend invoice , also if you ammend invoice then liability in IGST reduced, so how you show it in GSTR-3B
Eswar Reddy S
(CFO- at NHTF)
(58275 Points)
Replied 20 August 2022
Amendment invoice once and check practically.You will come to know
CA Rashmi Gandhi
(Chartered Accountant)
(86495 Points)
Replied 20 August 2022
I do it regularly and thereafter replying. Just understand the query
CA Rashmi Gandhi
(Chartered Accountant)
(86495 Points)
Replied 20 August 2022
Here querist clearly said that there is no payout in IGST but there is credit note. It means there is negative value in IGST liability
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