Credit note

vijay kumar (Student CA IPC / IPCC) (30 Points)

10 May 2019

my client received credit note from creditor and where to show in gst whether gstr 1 or gstr 3b
plz help me

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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.

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NAGA (ACCOUNTANT) (515 Points)
Replied 10 May 2019

Any credit note or debit note uploaded by supplier only

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 10 May 2019

Reduce the ITC for that month & show net ITC in 3B

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