How to return the claimed ITC on Purchase return?
Query (Issue) Started By: – Shravan Kumar Dated:- 19-8-2018 Last Reply Date:- 19-10-2018 Goods and Services Tax – GST
Got 6 Replies
GST
An invoice raised in the month of June 2018 has been canceled by raising Credit note in July 2018 by a vendor. We have claimed ITC in the June 2018 for the received invoice.
\nAs the vendor cancelled the Invoice by raising Credit note, how we can return the ITC claimed in June for the said invoice?
\nReply By SHIVKUMAR SHARMA:
\nThe Reply:
\nWhile filing your Next month GSTR3B Return, you can reduce your Inputs Tax Credit in Table 4 Eligible ITC.
\nReply By Shravan Kumar:
\nThe Reply:
\nHow does Claiming Less ITC in the next month GSTR 3B, will resolve t<\/p>\n
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