Purchase Returns in GSTR-3B

[KrishnaChaitanya Somanagurthy]

Where to show Purchase returns in GSTR-3B. Whether to deduct from ITC available and show net ITC Under 4(A)(5) or whether to show under 4(B)(2) - other ITC Reversal.

If it is shown under 4(A)(5). how to same the same in GSTR-9

[Ganeshan Kalyani]

You can show it in either way. That is you can show net ITC or show full ITC and then reversal.

AI Summary

Purchase returns treatment in GSTR-3B: report as net ITC or claim full ITC and record a reversal. Purchase returns in GSTR-3B may be reported either by adjusting input tax credit to show net ITC or by showing full ITC and separately recording an ITC reversal; both reporting approaches are acceptable for GSTR-3B and affect reconciliation in annual returns.