Negative figure in output IGST how to show in 3b?


(Querist)
08 November 2019
Sir/Madam,

Please help me to know that our output igst is having negative figure(-950.70) last month (oct 2019) due to excess credit note . Please help me to know how we can show in gstr3b as negative figure is not acceptable in 3b.

thanks in advance

Regards
Rajesh


PHANEENDRA MALLA (Expert)
08 November 2019
Yes. Negative figures are not allowed in GSTR-3B for outward supplies. Further Reversal column is not provided likewise for ITC.

So. we have to adjust Next Month GSTR-3B to the extent of Negative value. For Current Month Returns, we cannot consider that amount.

Rajesh TM (Querist)
09 November 2019
Thanks for your reply sir


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