Claim of export igst to cgst and sgst

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This query is : Resolved

Prajna Adiga (Querist)

12 December 2018 How to adjust credit note raised on Export of Goods and Services in GSTR 3B?**

** there is no further export of Goods and Services for life time.

Can we adjust it with Output CGST and SGST Liability of further period?
Eagerly waiting for your reply

CA ANUBHAV

CA ANUBHAV (Expert)

12 December 2018 Please clarify earlier you have made export against LUT or with payment of tax.. also clarify why credit note has been issued..

Prajna Adiga

Prajna Adiga (Querist)

13 December 2018 Earlier export made with payment of tax, and credit note raised due to cancellation of project & rejection of service rendered earlier.

CA ANUBHAV

CA ANUBHAV (Expert)

13 December 2018 it means goods delivered earlier will be received back in India.. if it's your case then according to me it will be better that foreign party raises bill to you and you show it as import...

Prajna Adiga

Prajna Adiga (Querist)

14 December 2018 Ok sir, but how do I present it in GSTR-3B & GSTR 1 so that there's no mismatch in presentation of transactions in the returns. My question is relating to presentation of transaction in returns.

CA ANUBHAV

CA ANUBHAV (Expert)

16 December 2018 you have to present sale with tax against zero rated supply in GSTR-3B and and as export invoice in GSTR-1. In case of return of goods and if you present such transaction as import as advised earlier then you have to claim only tax in GSTR-3B and no reporting will be required in GSTR-1.

Prajna Adiga

Prajna Adiga (Querist)

16 December 2018 Thank you for your guidance

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