can i claim itc on credit notes ,??
if yes how to do in gst portal
or how to show it
Assuming you r the supplier, in 3B reduce the amount n tax of original invoice....
in gstr-1 there is a separate tab for that.
3 Replies
Spurto Consultancy Services
(Consultant)
(1891 Points)
Replied 23 June 2020
You will reduce your output liability while filing GSTR 3B instead of claiming as ITC.
Reduce your Sale amount & GST output amount with that of Credit Note.
While filing Form GSTR 1 mention the Credit Note in Credit Note/Debit Note section.
CA Surjeet Negi
(Indirect Tax- Consultant)
(50 Points)
Replied 23 June 2020
Credit note received in relation to service procured basically reduce your ITC, hence you have to reduce you ITC availed on the original invoice.
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