Rajat Kumar asked 4 years ago
GST Credit Note – Disclosure
Sir,
Credit note issued by a supplier to our company. This results in raising a debit note by our company and reducing ITC in the GST returns.
Query: Whether we should show the net figure (ITC availed – Credit Notes) in 4(A)(5) or show the gross figure in 4(A)(5) and credit note reversal in 4(B)(2) under other reversals. What is the correct disclosure in the GST returns?
Answer the question
You can show net figures.