Dear all experts,
I am filed GSTR-3B for the month of May 2018. one of my supplier issued credit note for the month and the same was not declared by me. now how to get ITC on credit note...?
please suggest..
Thanks & Regards
Ganesh
4 Replies
Gagan Singla
(564 Points)
Replied 22 August 2018
ur itc will reduced if you have received ceedit note from your supplier. credit note is issued by supplier to receiver to decrease the value of supply of goods for the reasons if any. If you have received tge credit note, you will record it as debit note in your books of accounts and such debit note will reduce your purchase value and corresponding reduction in the gst itc
RAJA P M
("Do the Right Thing...!!!")
(128096 Points)
Replied 22 August 2018
| Originally posted by : Ganesh | ||
 |
Dear all experts,I am filed GSTR-3B for the month of May 2018. one of my supplier issued credit note for the month and the same was not declared by me. now how to get ITC on credit note...?please suggest..Thanks & Regards Ganesh |  |
If Supplier Give Credit Note then You will reverse the Credit Note Tax Value in Your ITC values...
You can show it in Your next returns...
Recent Topics
- GST ON REIMBURSEMENT OF GOVT FEES
- GST TDS credit compulsory for supplier to get cred
- Bill no wrong entry in GST r1
- TDS RETURN FOR 3RD QUARTR
- Payment to Dubai
- WRONG BILLING
- Export Way Bill Destination reg
- Advise on Tax implications
- NEW INCOME TAX ACT, 2025: GOVERNMENT-APPROVED BILL
- Doubt of GSTR1 Filing
Related Threads
Trending Online Classes
-
PF & ESI Course - Labour Code 2019 Along with Examples and Case Studies
Mr.Balamurugan Ranganathan13 March 2025
CAclubindia
