ITC FROM CREDIT NOTE

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

get it in next month,,,

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...

good clarification and information