my client received credit note from creditor and where to show in gst whether gstr 1 or gstr 3b
plz help me
Credit note
vijay kumar (Student CA IPC / IPCC) (30 Points)
10 May 2019
vijay kumar (Student CA IPC / IPCC) (30 Points)
10 May 2019my client received credit note from creditor and where to show in gst whether gstr 1 or gstr 3b
plz help me
Deepak Gupta
(CA Student)
(15922 Points)
Replied 10 May 2019
When supplier issues Credit Note to you:
You should reverse the corresponding amount of ITC in GSTR-3B in column 4(B)(2). Nothing is required in GSTR-1.
When supplier issues Debit Note to you:
Your ITC will increase and include the same amount in GSTR-3B in column 4(A)(5). Nothing is required in GSTR-1.
GSTR-1 is a return of outward supplies. You are not required to mention the above details.
NAGA
(ACCOUNTANT)
(514 Points)
Replied 10 May 2019
Pankaj Rawat
(GST Practitioner)
(55047 Points)
Replied 10 May 2019
LIVE Course on Foreign Exchange Management Act (FEMA)(with recording)
LIVE Form 10 B and Form 10BB: Handle Tax Audit Reports of Charitable Organizations(with recording)
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