Report negative value in GSTR-3B by virtue of credit Note
This query is : Resolved
Quick Summary
Amit kant jain
(Querist)
21 September 2020
We issued credit note in the month of July 2020 pertaining to IGST supply of goods of previous year 19-20. We don't have any IGST outward supply for offset of the credit note and in future also there is no possibilities of IGST supply. further GSTIN are not allowed to report the negative value. How we report the same in GSTR3B.
Amit Jain
Amit Jain
Lekhraj sood
(Expert)
21 September 2020
GSTR#B does not permit -ve values.
CA R SEETHARAMAN
(Expert)
22 September 2020
Check negative values allowed now'.
Amit kant jain
(Querist)
22 September 2020
Dear Shri CA R Seetharaman, we are under Quarterly return filing obligation, so we do not find option.
CA R SEETHARAMAN
(Expert)
22 September 2020
Adjust it in annual return.
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