Sales return more than sales - how to disclose in gstr-3b
This query is : Resolved
N.Venkatakrishna
(Querist)
17 March 2018
Dear Experts,
For the month of February 2018, the value of sales returns received is more than the sales during the month.
Generally, in GSTR-3B, we reduce the amount of sales return from the sales and while filing GSTR-1 we give the breakup of Sale invoices and credit notes.
But now, since "Sales - Sales Returns" is a negative figure, GSTR-3B is not taking the negative amount in the field.
Please suggest how to resolve this.
For the month of February 2018, the value of sales returns received is more than the sales during the month.
Generally, in GSTR-3B, we reduce the amount of sales return from the sales and while filing GSTR-1 we give the breakup of Sale invoices and credit notes.
But now, since "Sales - Sales Returns" is a negative figure, GSTR-3B is not taking the negative amount in the field.
Please suggest how to resolve this.
18 March 2018
If it's negative then add the values in ITC column.
Message likes :
1 times
30 October 2026
Do not add it to the ITC column; the excess of credit notes over sales is carried forward and set off against the next month's outward liability, and the portal now tracks this automatically in the Negative Liability Statement, fed from the GSTR-3B values auto-populated from GSTR-1.
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