Menu
Gstr3b
In Nov 18 no sales but purchase returned of Rs 67000/- no other purchases so is it advisable to show this 67000/ any in sales in gate 3b or any other alternative. as negative figure not acceptable.
Replies (2)
Reverse the corresponding input tax amount under ITC Reversed (Others), if purchase relates to earlier months. If purchase and return is in same month, first claim under ITC Available and then reverse the same as said before.
Thanks MrDeepak,I must say sorry for which I mentioned the purchase returned but actually it is discount received on purchase ,so same procedure should I follow
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
