MSME Certified Income Tax Live Batch to commence from 21st January 2022. Limited Seats. Register Now!!

taskopad

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Sales Return is more than sales

This query is : Resolved 

05 June 2021 Dear Sir,
In February month i have raised 100 Rs invoice and in March my sales in 20 Rs and i need to raise credit not amount Rs 50. But due to lockdown my business is not working and i am sure that till September my revenue will not cross Credit not amount.
than how to show credit not in my GSTR 1 and 3B. if September will cross than as per norms i can not raise credit not for Previous years sales.

Your prompt response and technical knowledge will helpful for us.

05 June 2021 Raise credit note and show it in GSTR 1 which is allowed. Only problem is GSTR 3b which doesn't allow negative value. Consider it in annual return you will get credit.

05 June 2021 Raise all credit notes file them in gstr-1. In 3b keep adjusting the amounts till it gets fully adjusted

15 June 2021 I agree with above mentioned CA Seetharaman Ji opinion.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


Similar Resolved Queries


loading





expand_less