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 ??
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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
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