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?