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Goods return

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manager
487 Points Posted on 09 March 2018
If there is more quantity of goods return than gods sold in a particular tax period then how should I show in the HSN summary in GSTR 1?
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On 09 March 2018 at 19:04 Report
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128147 Points Posted on 09 March 2018
Please elaborate Your query. Can't understand.
463 Reply
On 09 March 2018 at 19:14
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ACCOUNTANT
834 Points Posted on 09 March 2018
Hello Raja sir
For ex. in Jan month a particular item sold 100 units . in the same month he received the goods return 200 units. Returns also prior to previous momth supply. now the qty is -100..He asked how to specify this negative qty in GSTR1 HSN summary.

Thank u sir..
3 Reply
On 09 March 2018 at 19:39
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839 Points Posted on 09 March 2018
As per my personal opinion, issue credit against same invoice number. in the same month tally automatically reduce the quantity.

its my personal opinion,if anybody have different view then views are welcome. thanks. Disclaimer: its not Professional Advice.
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On 09 March 2018 at 20:25
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128147 Points Posted on 09 March 2018
Dear Mr NAGESWARAN., As per my view and Checking the availability. It's showing negative figure. But, I don't know exactly for the Solution... Wait on further reply from Our Experts...
463 Reply
On 09 March 2018 at 21:14
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808 Points Posted on 09 March 2018
basically HSN summary is for the supply of goods made during the period, it does not relate to goods return
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On 09 March 2018 at 21:33
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GST Practitioner
55067 Points Posted on 09 March 2018
yes , Correct @ Anmol ji, HSN summary is only sale made that month only .👍
301 Reply
On 09 March 2018 at 22:12
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manager
487 Points Posted on 09 March 2018
But sir my accounting software in gstr 1 report shows the net quantity i.e sale minus return goods in HSN summary report. This
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On 09 March 2018 at 22:18
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128147 Points Posted on 09 March 2018
Mr. Mukund., You are exactly correct and Also its same in Offline Tool... We can less the values with same as Supplies and Goods Return... In HSN Summary = Sales - Sales Return...
463 Reply
On 09 March 2018 at 22:24
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manager
487 Points Posted on 09 March 2018
OK sir
thanks
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On 09 March 2018 at 22:56
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GST Practitioner
55067 Points Posted on 13 March 2018
But with due respect , one cannot depict minus figure in Anywhere in gst return , so u can keep it blank in that case (zero)
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On 13 March 2018 at 02:07
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ACCOUNTANT
834 Points Posted on 13 March 2018
yes i following this steps in my gst return
3 Reply
On 13 March 2018 at 10:21
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"Do the Right Thing...!!!"
128147 Points Posted on 13 March 2018
Originally posted by : NAGESWARAN
yes i following this steps in my gst return

Enjoy Yourself My Dear Mr NAGESWARAN..
463 Reply
On 13 March 2018 at 13:26
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ACCOUNTANT
834 Points Posted on 13 March 2018
Hello Mr.RAJA Sir

only with negative balance... otherwise i follow as per your comments...i.e.In HSN summary sales -sales return...
3 Reply
On 13 March 2018 at 14:06
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"Do the Right Thing...!!!"
128147 Points Posted on 13 March 2018
Originally posted by : NAGESWARAN
Hello Mr.RAJA Sironly with negative balance... otherwise i follow as per your comments...i.e.In HSN summary sales -sales return...

Fine... Good Practice...
463 Reply
On 13 March 2018 at 15:23


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