banner_ad

How to adjust credit notes (negative sales) of fy 17-18 in current month gstr-3b if there no sales

Return 338 views 2 replies

Dear Experts,

Note: One of the company had business in last FY 17-18. However, as a result of venturing into a new Partnership there are NO business transactions in current FY (and there will be none), its GST registration will be surrendered by end of this FY.

However, upon Audit, it was noted that certain Credit Notes were not reported in GSTR-1 and 3B of last year (FY 17-18). To adjust the same in current month (Dec-18) GSTR-3B, the total of such credit notes needs to be entered as negative figures in Table 3.1 for Outward Supplies.  BUT GSTR-3B is NOT accepting any negative values.

Then how can this be correctly reported ?  Please Advise.

Replies (2)
The only way i think you can report in table 4 which deals with itc.

Thanks for the response.

So if we put details of negative sales in purchase, can it disrupt / complicate the Tax & ITC reconciliation in 17-18's GSTR-9 / 9C ?


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Related Topics
Loading
Company
09 June 2026
Accounts Associate

S Madan and CO

New Delhi

Graduate (Any)

View Details
Company
Featured 27 May 2026
Lead Conversion Executive / Sales Closing Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
26 May 2026
Education Content Creator

Adyayam Education LLP

Bengaluru

CA Foundation

View Details
Company
14 May 2026
Senior Associate

ABHISHEK SHANKAR AGARWAL & ASSOCIATES

Kolkata

CA

View Details
Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
Featured 26 May 2026
Account Executive

SMJ global advisors pvt ltd

New Delhi

B.Com

View Details
Company
29 May 2026
Accounts assistant

Shubh Consultancy

Mumbai

Graduate (Any)

View Details
Company
10 June 2026
Senior Account Executive

JDS Advisory LLP

Ahmedabad

CA Inter

View Details