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CREDIT NOTE

ITC / Input 2156 views 17 replies

Vijay Sharma

175 Points Posted on 10 June 2018

In GSTR1 at GST portal credit note amount enter in positive or negative.
But I was uploaded json file directly from Tally ERP to GST portal showing negative amount of credit note.

reply urgently I am waiting for your valuable reply

Replies (17)

Vinod Babu

24196 Points Posted on 10 June 2018

Negative figures not allowed in gst.
When Did you raise credit note.

Vijay Sharma

175 Points Posted on 10 June 2018

but portal accept it negative figure via json file

prakin singhal

314 Points Posted on 10 June 2018

From the May month return credit note issued is taken in negative amount as it is deducted from sales and it ultimately decrease the sales amount. You can file the return, their is no problem regarding that.

MURALI NADIMINTI

502 Points Posted on 10 June 2018

it is correct, this month onwards showing negative values in GST portal eventhogh we are uploading positive values for credit notes. nothing wrong in GST portal.

Vijay Sharma

175 Points Posted on 10 June 2018

Prakin ,
can I enter positive value or not in May2018 GSTR1

Vinod Babu

24196 Points Posted on 10 June 2018

Follow Mr prakin advice

prakin singhal

314 Points Posted on 10 June 2018

you should enter the amount, and amount can't be in negative figure.

Before filing the return you should take a screenshot of the screen and tag the @ askGST on Twitter and also raise grievance. If problem is resolved then file according otherwise later file the GSTR-1 in negative figure only.

Also you should file GSTR-3B with net taxable value after deducting the amount of those credit note.

Originally posted by : prakin singhal
	From the May month return credit note issued is taken in negative amount as it is deducted from sales and it ultimately decrease the sales amount. You can file the return, their is no problem regarding that.

Dear Prakin Ji

Related to issue of GSTR-1, If GSTR-1 in portal not show Credit Note

Than Its Not Correct Filed of GSTR-1

Originally posted by : Vijay Sharma
	In GSTR1 at GST portal credit note amount enter in positive or negative.But I was uploaded json file directly from Tally ERP to GST portal showing negative amount of credit note.reply urgently I am waiting for your valuable reply

Check in Portal GSTR-1

Whether Credit Note refeclted

Than okay otherwise generate CSV File and exclude Credit note Amount from B2B & B2C