Sir,
We are providing auditoriums for rent and opted GST R1 and GSTR 3B filing on quarterly.
During April 21 the rent collection was Rs.91000/- and an amount Rs. 16380/- is collected as GST. Due to Kovid lockdown, we are forced to cancel the bookings and refunded the amount of advance and GST collected on them. Hence for the quarter April 21 - June 21, the amount refunded is more than the amount collected. That is the net collection for the quarter is minus.
Is it possible to file the returns with minus figures?
Month Rent GST Collected Rent Refunded GST Refunded
Apri 21 91,000 16,380 -- --
May 21 -- -- 70,000 12,600
June -- -- 40,000 7,200
Total 91,000 16,380 1,10,000 19,800
Hope that the issue is understood.
Antony Kaitharath
CAclubindia
