Negative Liability in TABLE 3 of GSTR 3b

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This discussion addresses an issue where a taxpayer's negative tax liability from an intra-state credit note isn't reflecting in Table 3 of GSTR 3B. This prevents the adjustment of the credit note against the IGST liability from interstate sales, forcing the client to pay a significant cash amount. The advice given is that the CGST and SGST credit notes should be adjusted against future intra-state sales, whether B2B or B2C. Clarification is sought on how to manage this negative sales adjustment in future GSTR 1 and GSTR 3B filings, particularly regarding recipient ITC claims.

Javed Memon

Javed Memon (Querist)

20 February 2023 Respected Sir in january Month i have interstate sales rs. 10 Lakhs on which igst Tax Laibility is rs. 1.80 lakh . in same Month i have issued intra state credit note of rs. 8 lakhs on which negative tax liability of rs 1.50 lakhs (both cgst 75000 and sgst 75000) whiling filling GSTR3B negative liabiliy is not showing table 3 of gstr 3b , so because of this 1.20 lakhcash required ( after deducting my current ITC) showing in gstr3b , Client is not Ready to Pay this much amount of Cash , how to file gstr3b without paying Cash ???

CA Altamush Zafar

CA Altamush Zafar (Expert)

20 February 2023 Will have to pay cash only. Credit Notes of CGST and SGST will be adjusted from future intra-state sales

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Javed Memon

Javed Memon (Querist)

20 February 2023 How to adjust Sales ? , We have only B2B Sales

CA Altamush Zafar

CA Altamush Zafar (Expert)

22 February 2023 Whether you have b2b sales or b2c sales CGST and SGST is applicable on local sales i.e. sale within same state. You can adjust from future intra state sales whether b2b or b2c

Javed Memon

Javed Memon (Querist)

27 February 2023 Dear Altamush Zafar Sir, Please Explain How to adjust this NeGATIVE Sales in next GSTR 1 and GSTR3B ? If i Reduce B2B Sales up to 8 lakhs in GSTR 1 then how Recepient Get ITC ?