We have no ITC in this month(May 21)
But We have one Credit note.
Now question is in which column in GSTR 3B we show credit note figure
10 Replies
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 29 June 2021
Credit note regarding sale or purchase?
CA Altamush Zafar
(GST Consultant)
(15971 Points)
Replied 29 June 2021
You are the seller?.............
PRASANT BISOYI
(261 Points)
Replied 29 June 2021
Under GST the supplier only has to issue credit note.
If u have issued any credit note to your Customer/client, then the same has to disclose under Form GSTR-1 and also in Form GSTR-3B (table 3.1.a). But there is no problem if u don't have any ITC. The value of credit note will adjust from ur outward supply.
If u have received any credit note from ur Supplier then, u have to reverse your ITC from your current month return. As u said if there is no ITC available then u can adjust the same in next month return or if u will disclose the same under reversal (table4) of current month, the same will autopopulate in payable of table 6 then u have to make the payment through e-cash ledger.
It's better to adjust the credit note in next month return.
If u have issued any credit note to your Customer/client, then the same has to disclose under Form GSTR-1 and also in Form GSTR-3B (table 3.1.a). But there is no problem if u don't have any ITC. The value of credit note will adjust from ur outward supply.
If u have received any credit note from ur Supplier then, u have to reverse your ITC from your current month return. As u said if there is no ITC available then u can adjust the same in next month return or if u will disclose the same under reversal (table4) of current month, the same will autopopulate in payable of table 6 then u have to make the payment through e-cash ledger.
It's better to adjust the credit note in next month return.
Anshuman Basu
(account -GST)
(1556 Points)
Replied 29 June 2021
we purchased air tkit from Air India. To day we saw in GSTR 2b Air India issu Debit note.
sir we are not understand
PRASANT BISOYI
(261 Points)
Replied 29 June 2021
Air India issue debit note to you. Debit note is for increase in price. So, simply add the same in ur working of ITC and disclose the same in ur books, if not recorded. Then in ur return disclose the amount of debit note as all other ITC in Table 4 of Form GSTR 3B
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 30 June 2021
Dear Anshuman
Report it under table 4(B)(2) , other reversal , in fact it must be autopopulate thereon.
Note: Reverse the Expenses with ITC in your book of account as accordingly.
Report it under table 4(B)(2) , other reversal , in fact it must be autopopulate thereon.
Note: Reverse the Expenses with ITC in your book of account as accordingly.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 30 June 2021
Sorry Anshuman for above reply as in your Query Heading you have mentioned Credit Note.
Yes if it is debit from Company which being reflected in your 2B under Debit Note Section, then Do claim the ITC for the same in table 4. & I think it must have autopopulate thereon.
CMA Poornima Madhava
(CMA)
(13112 Points)
Replied 30 June 2021
At last, what's correct? Debit or credit note from the service provider?
CA Parul Saxena
(CA)
(8488 Points)
Replied 02 July 2021
I f you have credit note issued by your supplier and he has shown it in his GSTR1 it will automatically gets reflected in GSTR3B..
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