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Do we file Nil GSTR-3B if a credit note from previous tax period was higher than combined supply ?

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Reena

Partner

164 Points Posted on 22 January 2023

We issued a credit note in August which was quite large and higher than the combined turnover of the quarter ending in September and the quarter ending in December. For the September GSTR-3B, the value was automatically selected as zero. But for this quarter, the value of supply is showing automatically in GSTR-3B. Should be manually make it zero? The box turns "red" and says "The information entered by you in cells highlighted in red is in variance with the auto-populated data".

For example, the credit note in August was for 10 lakh, and the combined turnover of last 6 months is only 5 lakh. So we also need to carry forward the credit to next quarter (ending in March 2023).

Replies (2)

Quick Summary

This discussion addresses how to handle GSTR-3B filing when a credit note issued in a previous period is larger than the combined turnover for the current and subsequent quarters. The system automatically populates the supply value, but users are advised to manually enter zero if the credit note exceeds the turnover. This allows for carrying forward the excess credit to the next tax period, even if it triggers a warning message about data variance.

Sanjay

hhgh

138 Points Posted on 23 January 2023

If the credit note was issued in August and the combined turnover of the quarter ending in September and the quarter ending in December is less than the credit note, you may manually enter a zero value in the GSTR-3B for the current quarter and carry forward the credit to the next quarter.