Set off credit note itc against output in gstr 3b

Sir,
I have the following doubt:
A sold goods to b in 2020-21 vide 2 invoices in March 21
inv no 1 for 50000

inv no 2 for 50000

As the bills are not raised with as per aggred prices, B kept goods with him, but not taken into account the above bills and was negotiating to get price reduced. As the supplier not aggred to reduce the price, B finaaly returned the goods in Sept 21.
A raised credit notes in Sept 21 and reported in GSTR1.

As there was no output liability and as the GSTR3B does not accept negetive amount, Credit notes were not reported in GSTR3B upto Feb 22

In March 22, A received Rs.50000 as advance.
Now, can A set off output liabilty of Rs.9000/- with above credit notes (out of 18000) in March GSTR3B?
Replies (1)

https://docs.google.com/document/d/1QoXRmOvST3dtsUDFHkeh77bhEaaur2m-2_m40HuFV7A/edit?usp=sharing

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
12 October 2026
Finance

I-Genext Consulting Private Limited

New Delhi

CA

View Details
Company
12 October 2026
AUDIT , ACCOUNTS AND TAXATION

KDSS

New Delhi

B.Com

View Details
Company
14 October 2026
Accountant

Rize.farm

Bengaluru

B.Com

View Details
Company
ARTICLESHIP 20 October 2026
CA ARTICLE

AMKN & CO

Noida

CA Inter

View Details
Company
ARTICLESHIP 22 October 2026
Articleship intern

Srinath Manikanta

Hyderabad

CA Inter

View Details
Company
06 October 2026
Assistant Manager - Audit and Compliance

Ravi K Jain & Co

Noida

Others

View Details
Company
ARTICLESHIP 07 October 2026
Article Assistant

Malhotra Rajesh & Associates

New Delhi

B.Com

View Details
Company
16 October 2026
CA article trainee

Zerdi & Co. Chartered Accountants

Pune

CA Inter

View Details