Set off credit note itc against output in gstr 3b

325 views 1 replies
Sir,
I have the following doubt:
A sold goods to b in 2020-21 vide 2 invoices in March 21
inv no 1 for 50000

inv no 2 for 50000

As the bills are not raised with as per aggred prices, B kept goods with him, but not taken into account the above bills and was negotiating to get price reduced. As the supplier not aggred to reduce the price, B finaaly returned the goods in Sept 21.
A raised credit notes in Sept 21 and reported in GSTR1.

As there was no output liability and as the GSTR3B does not accept negetive amount, Credit notes were not reported in GSTR3B upto Feb 22

In March 22, A received Rs.50000 as advance.
Now, can A set off output liabilty of Rs.9000/- with above credit notes (out of 18000) in March GSTR3B?
Replies (1)

https://docs.google.com/document/d/1QoXRmOvST3dtsUDFHkeh77bhEaaur2m-2_m40HuFV7A/edit?usp=sharing

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
24 June 2026
Chartered Accountant - GST & Direct Tax

APL

Mumbai

CA

View Details
Company
25 June 2026
AUDIT MANAGER

JDAS & ASSOCIATES

New Delhi

CA

View Details
Company
ARTICLESHIP 28 May 2026
Accounts, Audit & Compliance Executive

Shyam Joshi & Associates

Pune

B.Com

View Details
Company
ARTICLESHIP 18 June 2026
Article Assistance

RB KESHRI & CO.

Mumbai

CA Inter

View Details
Company
ARTICLESHIP 04 June 2026
Article

Rakhecha & Co.

New Delhi

CA Inter

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details
Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
Featured 15 June 2026
Senior Auditor

N. Dhawan & Co

New Delhi

CA Inter

View Details