Excess credit note amount
This query is : Resolved
21 January 2019
One of the practical issues among them is How to fill GSTR 3B Form if the Sales return (Credit Notes issued) for any month is more than the actual Outward Supply for that month?
For Example :
Local Sales: Rs 550000/- + CGST Rs. 49500/-+SGST Rs. 49500/- =Total Rs.649000/-
Less Credit Note : Rs 19,50,000/-+ CGST Rs. 175500/-+SGST Rs. 175500/- =Total Rs.2301000/- (Party rejected our Invoice)
We put Sales Figure In GSTR 1 B2B (4A,4B,4C,6B,6C)for Rs 550000/-
Credit Not figure in GSTR1 9B CREDIT/DEBIT NOTES(REGISTERED)for Rs. 19,50,000/-
In above data my sales figure for this month is (-Rs. 14,00,000/-) i.e. minus figure
My question is which is our sales figure to pur GSTR 3b column no 3.1 TAX ON OUTWARD AND REVERSE CHARGE INWARD SUPPLIES (A)
We know sales figure will be matching GSTR 1 and 3B
Please suggest me with proper guidelines.
For Example :
Local Sales: Rs 550000/- + CGST Rs. 49500/-+SGST Rs. 49500/- =Total Rs.649000/-
Less Credit Note : Rs 19,50,000/-+ CGST Rs. 175500/-+SGST Rs. 175500/- =Total Rs.2301000/- (Party rejected our Invoice)
We put Sales Figure In GSTR 1 B2B (4A,4B,4C,6B,6C)for Rs 550000/-
Credit Not figure in GSTR1 9B CREDIT/DEBIT NOTES(REGISTERED)for Rs. 19,50,000/-
In above data my sales figure for this month is (-Rs. 14,00,000/-) i.e. minus figure
My question is which is our sales figure to pur GSTR 3b column no 3.1 TAX ON OUTWARD AND REVERSE CHARGE INWARD SUPPLIES (A)
We know sales figure will be matching GSTR 1 and 3B
Please suggest me with proper guidelines.
22 January 2019
Put current month sale as zero.
Adjuste the negative amount in future returs every month till it becomes positive.
Adjuste the negative amount in future returs every month till it becomes positive.
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