Excess outward in 3B

235 views
User Avatar

131 Points Posted on 20 March 2020
1st we file return of rs 100000 on gst 18000 but after some time amendment made in that n invoice value become Rs 60000 accordingly my liability also come so how to adjust in 3b which excess already paid
1 Reply Share Follow
On 20 March 2020 at 10:51 Report
Replies (3)
Quick Summary
If you've overpaid GST in your GSTR-3B due to an amendment in invoice value, don't worry. The excess amount paid can be reflected in your credit ledger. You can then use this credit to offset future tax liabilities. To correct your current return, report the sale with the reduced value and account for the sales return to decrease your outward tax liability accordingly.

User Avatar

Practice Teacher
172 Points Posted on 20 March 2020

The excess paid should be shown in your credit ledger, which can be adjusted in the future months.

1 Reply
On 20 March 2020 at 11:05
User Avatar

GST Practitioner
55067 Points Posted on 20 March 2020
Report the sale by Reduce 40000/- in your current period sale .
1 Reply
On 20 March 2020 at 16:29
User Avatar

Chartered Accountant
12739 Points Posted on 20 March 2020

Sales return >> reduce outward tax liability 

1 Reply
On 20 March 2020 at 21:08

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. 5th Letter PAN Mismatch with Surname issues still
  2. Criteria to hire an article
  3. Guidence requested for a Finance Professional with
  4. Expert Opinion Required – Form 140 Gross Amo
  5. WRONG TAX DEMAND - formal responses , rectificatio
  6. Foreign remittance
  7. Affordable Residential Flats in Gurgaon
  8. Manufacturing
  9. TAN REGISTRATION ON E-FILLING SITE
  10. Form 10-IEA – Continuing Old Regime

More recent discussions | Post

Related Topics :

Loading