ITC reversal for Credit Notes in GSTR-3B - What if Net ITC is reported directly in GSTR-3B?

Vivek Agarwal FCA, CS, LLB , Last updated: 19 May 2022  
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At the time of GST Department audits it is being observed that the department is making the taxpayers reverse ITC again with respect to credit notes if the ITC has been shown net by the recipient and not reported separately in Table 4(B)(2) in GSTR-3B. In this article, I have provided draft conte

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Vivek Agarwal FCA, CS, LLB
(Partner)
Category GST   Report

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