For a particular month, the Purchase Return is higher than the Purchase and expense and so the ITC is coming to Negative figure. GSTR 3B does not allow to enter a negative amount. Also GSTR 2A shows the negative figure as ITC.
Any suggestion for how to file the 3b?
GST on Purchase - 10,000
GST on Purchase Return - (15,000)
Net ITC - (5000)
How to show in the GSTR 3B?
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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