ITC reversal in 3B

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629 Points Posted on 16 April 2021
Dear Sir

Supplier has submit credit note which reflect in 2A. I need to reverse CGST and SGST but in March month we don't have CGST & SGST Input.IGST input available so please suggest what to do in case
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On 16 April 2021 at 13:39 Report
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Quick Summary
This discussion addresses a common GST issue where a supplier's credit note requires ITC reversal in GSTR-3B, but the necessary CGST and SGST input tax credit isn't available for the relevant month. The advice provided suggests that if direct reversal isn't possible due to insufficient credit, the amount can be added to the output tax liability and paid in cash.

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1388 Points Posted on 16 April 2021
For reversal of itc you required sufficient credit balance in same ledger otherwise you will not able to reverse
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On 16 April 2021 at 14:59
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629 Points Posted on 16 April 2021
Madam
Can we pay via Cash
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On 16 April 2021 at 15:20
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1388 Points Posted on 16 April 2021
Yes you can add this amount in your output tax liability and pay the same in cash
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On 16 April 2021 at 18:10
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629 Points Posted on 16 April 2021
Thank you Madam
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On 16 April 2021 at 20:10

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