In GSTR 3B, under which column purchase return credit note reported

In GSTR 3B, under which column purchase return credit note reported

Dear Sir / Madam
In GSTR 3B , Under Which Column Purchase Return Credit Note Reported .
Is it mentioned in ( Eligible ITC ) All other ITC Coulmn by way Net of Purchase Value ( ie Purchase – Purchase Return )

Or Should mentioned separately in Reversal of ITC Column ( 4B Others )

01.Mentioning ( Eligible ITC ) by way Net of Purchase Value is right. ( ie Purchase – Purchase Return )in All other ITC column.

02. if mentioned like that is it wrong. Any dispute will raise ?

03. What is the correct method to report the purchase return credit note In GSTR 3B. Net of Purchase mentioning in all other ITC or reversal under others Cloumn.

Kindly Guide

Thanking you

Chokkalingam Ramanathan

Asked 4 years ago in GST

If credit not is issued by the supplier in the same month, net ITC could be mentioned in All other ITC.

If it is different month, it is advisable to put under reversal and pay applicable interest.

Lakshita Bhandari

CA, Mumbai

5687 Answers

942 Consultations

Talk to Lakshita Bhandari

Hello,

Net ITC(Purchase – Purchase Return) can be entered in All Other ITC Column if the purchase return credit note has been issued in the same month of purchase.

Otherwise, it would be mentioned as reversal of ITC.

I hope this answer satisfies your requirements.

Regards,

CA Hunny Badlani