Excess credit note amount
This query is : Resolved
21 January 2019
We know In GSTR-3B data has to be filed as net amount i.e. Value of Taxable Supplies = Value of invoices – value of credit notes.
But in my case we have excess credit note figure. Therefore the taxable value will be Negative or Minus. Also Tax is al so negative.
In that case how I fill GSTR 3B in column no 3.1 TAX ON OUTWARD AND REVERSE CHARGE INWARD SUPPLIES (A)
Please suggest me with proper guidelines.
But in my case we have excess credit note figure. Therefore the taxable value will be Negative or Minus. Also Tax is al so negative.
In that case how I fill GSTR 3B in column no 3.1 TAX ON OUTWARD AND REVERSE CHARGE INWARD SUPPLIES (A)
Please suggest me with proper guidelines.
22 January 2019
Give full amount of credit note disclosure in GSTR 1 and file NIL GSTR 3B till the time the amount of credit note is fully adjusted.
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