Sales Return is more than sales

This query is : Resolved

jabir aga (Querist)
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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.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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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.

CA Altamush Zafar

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

Rajamahendra Varma M.B.A.,LL.B

Rajamahendra Varma M.B.A.,LL.B (Expert)
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15 June 2021 I agree with above mentioned CA Seetharaman Ji opinion.

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