Itc on credit notes

can i claim itc on credit notes ,??
if yes how to do in gst portal
or how to show it
Replies (3)
Quick Summary
If you've issued a credit note as a supplier, you can reduce your output tax liability by adjusting the original invoice amount and tax in your GSTR-3B. You must also report the credit note separately in the Credit Note/Debit Note section of your GSTR-1. If you've received a credit note for services procured, this reduces your eligible Input Tax Credit (ITC), so you'll need to decrease the ITC claimed on the original invoice.

Assuming you r the supplier, in 3B reduce the amount n tax of original invoice....
in gstr-1 there is a separate tab for that.

You will reduce your output liability while filing GSTR 3B instead of claiming as ITC. 

Reduce your Sale amount & GST output amount with that of Credit Note. 

While filing Form GSTR 1 mention the Credit Note in Credit Note/Debit Note section.  

Credit note received in relation to service procured basically reduce your ITC, hence you have to reduce you ITC availed on the original invoice.

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
ARTICLESHIP 07 September 2026
CA Articles

Kothari Jain Patil & Chartered Accountants

Pune

CA Inter

View Details
Company
ARTICLESHIP 21 September 2026
CA Article Assistant

KK & Company Chartered Accountant

Pune

CA Inter

View Details
Company
Featured 03 October 2026
Accountant

A P Lodha and Associates

Jalna

B.Com

View Details
Company
08 September 2026
Audit Executive

Thammana & Associates

Srikakulam

B.Com

View Details
Company
09 September 2026
Chartered Accountant

Aviv Global Private Limited

Ahmedabad

CA

View Details
Company
30 September 2026
Senior Accounts Executive

Codeboard Technology

Chennai

MBA

View Details
Company
16 September 2026
Internal Audit - Team Lead

Consulting & Beyond

Chennai

CA

View Details
Company
08 September 2026
Semi-Qualified Assitant

Subrahmanyam & Sivudu CA Firm

Hyderabad

CA Inter

View Details