Debit note

TARUN DAS (170 Points)

18 May 2019

When I submitted DEBIT NOTE IN GSTR1, THEN PORTAL NOT ACCEPTED DEBIT NOTE. HOW CAN REVERSE INPUT TAX ?

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8 Replies

Deepak Gupta (CA Student) (15922 Points)
Replied 18 May 2019

You should reverse the corresponding amount of ITC in GSTR-3B in column 4(B)(2). Nothing is required in GSTR-1.

Latest Movie&Funs (154 Points)
Replied 18 May 2019

less debit note amount in eligible ITC in GSTR 3B relavent month

abhishek bardia (partner) (308 Points)
Replied 18 May 2019

the supplier will reverse it via credit note

TARUN DAS (170 Points)
Replied 18 May 2019

yes supplier made credit note, then gstr3b 4(b) reverse I will refund that credit note amount

abhishek bardia (partner) (308 Points)
Replied 18 May 2019

don't reverse it just deduct that amount from your relevant month itc while claiming in gstr3b

TARUN DAS (170 Points)
Replied 18 May 2019

mr Abhishek sir latest movie forum and other are advice this DEBIT NOTE amount reverse in gstr3b coloum 4 (b) pl clarify me I am confused

abhishek bardia (partner) (308 Points)
Replied 18 May 2019

tarun sir both the ways are correct. you can directly incorporate it in the ITC or reverse it in 4 b.

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Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 19 May 2019

Its better to Show under Reversal column in 3B , as its going to autopulate in annual return form

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