Adjustment of Negative liability arised from Sales Return

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I had a b2b sales return of Rs.1,42,000 in October 2022. Accordingly a credit note was issued and filled in GSTR1.

Though since then my outward sale has been very low to adjust in GSTR3B. Hence I have been adusting that credit note in subsequent months of Nov, Dec & so on.

Now after March 2023 there is still Rs.90,000 left to be adjusted. Can I keep adjusting it in next financial year 23-24 in Returns of April, May and so on? Or will I have to claim a refund?

Replies (2)
Yes,you can adjust the same till due date of Oct,2023 3B return or due date of annual return filing whichever is earlier.
As per Circular 137/2020 GST , Yes you can claim refund for the same.


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