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Treatment of Credit Note in GSTR3B

17 April 2021

If a Party has issued a Credit Note to us. In GSTR3B, Credit Note Amount showing in Reversal Amount.

then my Query is
In Column All Other ITC, we have to show ( Actual ITC + Credit Note Amt.)

Plz Tell me whether I am doing correct or not. If Not, Plz Clearify me. What ITC should be shown in All Other ITC Column ??

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5 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 17 April 2021

In all other ITC you should show the actual ITC reversed amount

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RENU SHARMA (1388 Points)
Replied 17 April 2021

In gstr 3b table 4 (A) 5 all other ITC you need show all itc or that you need to reverse you can show thess reverse 4(B) 2 others

kamal kushwaha (117 Points)
Replied 17 April 2021

I Didn't Understand
Only Plz Tell me In All other ITC Column

Total ITC Available + Credit Note Amount
Both will be entered in Coloumn All Other ITC

CMA Poornima Madhava (CMA) (13112 Points)
Replied 17 April 2021

Originally posted by : kamal kushwaha
	If a Party has issued a Credit Note to us. In GSTR3B, Credit Note Amount showing in Reversal Amount.then my Query is In Column All Other ITC, we have to show ( Actual ITC + Credit Note Amt.)Plz Tell me whether I am doing correct or not. If Not, Plz Clearify me. What ITC should be shown in All Other ITC Column ??