new form TAX LIABILITIES AND ITC COMPARISON
not showing purchase return amount
only showing purchase figure amount
so in 3b we enter net ITC ( PURCHASE -PURCHASE RETURN), HENCE our comparison not currect
Jishad T
(GSTP)
(289 Points)
Replied 12 October 2020
can i enter purchase return in table 4.B other reversal??
Bhavika Kothari
(CA)
(1258 Points)
Replied 26 October 2020
Your purchase return is sales return for your supplier. As per GST law only supplier can create credit note. The credit notes created by supplier will get deducted from the supplies booked by him in this new form
Live class on PF & ESI Enrollment & Returns Filing(with recording)
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