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.
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Treatment of credit notes and debit notes
Replies (4)
Query is not cleared...
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
yes you have to reduce this figures in table 4A because their is reduction in your ITC it cannot be said reversal of ITC
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.
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