Example.
ITC on puchases in the month of june 2019 is - CGST-1000 AND SGST-1000. BUT Purchase return(goods purchased in the previous month) ITC reversal is CGST-1200 AND SGST-1200.
SO The net ITC is negative cgst 200 and sgst 200.
query- How to show negative itc in Gstr 3B. plz suggest with provisions (if any)
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negative itc because of purchase return.
Replies (2)
in all other itc u show 1000
in input reversal others u show 1200
that negative input is paid through cash or itc
in input reversal others u show 1200
that negative input is paid through cash or itc
absulatly ok
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