04 March 2020
In the month of May 2019 we sale to party for Rs. 13,40,317/- + 204455/-(IGST) = Total Invoice value Rs 1340317/-.
In the month of February 2020 the party return the some part of the materials to us ( technical ground), accordingly we generate Credit note to party for Rs 739066/-+ 1,33,032/-(IGST) = Total credit note value is Rs 8,72,098/-.
In the month of FEBRUARY 2020 we have no business and I thinks March 2020 will be no business .
We have no Cash Ledger balance and no Credit Ledger Balance in our GST Portal and we have no GST Liabilities
Now question is- 1/How I adjusted the credit note amount for Rs 133032/-in our GSTR 1 and GSTR 3B? Should we put in GSTR3B column no 4B (ITC Available) for Rs 133032/- Please Guide us in this case
CAclubindia
