Venkatesh K N (student) (178 Points)
20 September 2018
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 20 September 2018
You are required to reverse the ITC if conditions under section 15(3)(b) are satisfied.
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 20 September 2018
TABLE 4(B)(2) i.e. ITC reversed-Others.
Venkatesh K N
(student)
(178 Points)
Replied 20 September 2018
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 20 September 2018
| Originally posted by : Venkatesh K N | ||
 |
I received Debit Note (Discount /Incentive) from company...How should i show in GST returns 3BIf i receive 10000 (including GST)Should i liable to pay Output GST on Debit note of discount received? |  |
Are You received Debit Note or Credit Note....?
Is the Document have GST or Flat discount....?
Venkatesh K N
(student)
(178 Points)
Replied 21 September 2018
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 21 September 2018
Yes if in that credit note tax component is there, then you will have to reverse the ITC. ITC reversal amount is equivalent to tax amount mentioned in the credit note.
CAclubindia
