client have Seeds business which is nil rated i.e tax free. Sales occures only in 3 month throughout the year, while rest of year sales returns are made.
Query is, while filing GSTR 3b/ 1, should i net off sales return from sales or should i report gross sales figures in Returns.
netting of will result in negative figures in few months since no corresponding sales exist.
reporting gross figures will result in overstatement of turnover
what should i do ??? Help please !!
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GST Return Details
Replies (2)
Netting of sales should be shown in gstr3b... And when it comes negative then don't need to show any amount in gstr3b... Just file nil return
yes divakar sir is right gstr3b cant be filed negative have to file nil return and adjust tge sales rerurn in GSTR 1
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