can i claim itc on credit notes ,??
if yes how to do in gst portal
or how to show it
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.
Nini Manjrekar (31 Points)
23 June 2020
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 23 June 2020
Spurto Consultancy Services
(Consultant)
(1891 Points)
Replied 23 June 2020
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.
CA Surjeet Negi
(Indirect Tax- Consultant)
(50 Points)
Replied 23 June 2020
Credit note received in relation to service procured basically reduce your ITC, hence you have to reduce you ITC availed on the original invoice.
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