X got credit notes of RS. 12,50,000/ from my supplier
how to solve it
a) should I reverse the credit notes in 3B (others)
or how to treat please advise me.
4 Replies
RAJA P M
("Do the Right Thing...!!!")
(128111 Points)
Replied 06 September 2019
Query is not cleared...
sujith kumar dasa
(banglore)
(1496 Points)
Replied 06 September 2019
If your question is X received credit notes from his supplier, ghen how to reverse credit in GSTR-3B
then you can reverse same in 3B by reducing input credit from current month input credit in other input tax credit in Table 4
then you can reverse same in 3B by reducing input credit from current month input credit in other input tax credit in Table 4
Akshay Jain
(Tax Consultant)
(1024 Points)
Replied 06 September 2019
yes you have to reduce this figures in table 4A because their is reduction in your ITC it cannot be said reversal of ITC
Uttam
(employee)
(814 Points)
Replied 07 September 2019
X would have received purchase invoices and now he has received credit notes.
The effect of reduction should be given in 'All Other ITC' row of Gstr3B. (Table 4).
It is not reversal of ITC.
The effect of reduction should be given in 'All Other ITC' row of Gstr3B. (Table 4).
It is not reversal of ITC.
Recent Topics
- 87 A rebate being denied on STCG under old regime
- Petrole bunk
- Upload error for ITR-2 after validation
- SCN for GST cancellation for virtual office
- Exmepted goods filed under zero rate goods
- ITR2 for 2025-26 AY CSV file
- ITR 2 upload null error
- ITR-2 has been added today to the Offline Common U
- ITR 2 online filing AY 25-26
- LTCG after 24 july 2024
Related Threads
Trending Online Classes
CAclubindia
