24 January 2021
Dear Sir/Mam, I have filled GST Return for 2nd Qtr. 2020-21. I file GSTR 1 on Quarterly Basis. Now, I found that there is difference in Tax liability and ITC Statement (Summary). There is excess amount in GSTR3B. Reason: In GSTR 3B, I have taken amount of Credit Note as Input Tax Credit instead of subtracting from total sale. In Sep 2020, I have no sale bill, there is only credit note. Thus, I didn't showed negative Credit Note value in Table 3.1 of GSTR 3B. But in Quarterly GSTR1, it is taken under Credit Note. Thus, Value of Total sale is showing less in GSTR1. Please guide, whether I have done right ? Is there any chance of Notice from department ? I hope question is clear to you, if there is any query, please write back and do the needful.
CAclubindia
