If a Party has issued a Credit Note to us. In GSTR3B, Credit Note Amount showing in Reversal Amount.
then my Query is
In Column All Other ITC, we have to show ( Actual ITC + Credit Note Amt.)
Plz Tell me whether I am doing correct or not. If Not, Plz Clearify me. What ITC should be shown in All Other ITC Column ??
Menu
Treatment of Credit Note in GSTR3B
Replies (5)
Quick Summary
In all other ITC you should show the actual ITC reversed amount
In gstr 3b table 4 (A) 5 all other ITC you need show all itc or that you need to reverse you can show thess reverse 4(B) 2 others
I Didn't Understand
Only Plz Tell me In All other ITC Column
Total ITC Available + Credit Note Amount
Both will be entered in Coloumn All Other ITC
Only Plz Tell me In All other ITC Column
Total ITC Available + Credit Note Amount
Both will be entered in Coloumn All Other ITC
| Originally posted by : kamal kushwaha | ||
 |
If a Party has issued a Credit Note to us. In GSTR3B, Credit Note Amount showing in Reversal Amount.then my Query is In Column All Other ITC, we have to show ( Actual ITC + Credit Note Amt.)Plz Tell me whether I am doing correct or not. If Not, Plz Clearify me. What ITC should be shown in All Other ITC Column ?? |  |
Enter the tax component of the C/N under the following:
Table 4. Eligible ITC > (B) ITC Reversed > (2) Others
After this, the NET ITC AVAILABLE should be equal to the ITC Available - ITC Reversed as above
ITC Reversal amount should be shown
Recent Topics :
- Company 3 months old, INC-20A not filed, all 3 of
- How do I choose the Best GST Lawyers in New Delhi
- Loss on sale of residential flat after indexing al
- Short Deduction
- Large mismatch between AIS Business Receipts and G
- Income tax on Australian Stipendiary Steward on 3
- INCOME TAX SECTION 92E
- Queries on Tax Invoice and GST
- Income Tax Auditor Tenure for Small Companies
- Sec 8 company sec 12ab reg
Related Topics :
CAclubindia
