negative itc because of purchase return.


ishan ali (na)     20 July 2019

ishan ali
na 
 25 points

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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)

avater

Charan sai Bondala   20 July 2019

Charan sai Bondala

 6 likes  82 points

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in all other itc u show 1000
in input reversal others u show 1200
that negative input is paid through cash or itc

Anshuman Basu (account)     21 July 2019

Anshuman Basu
account 
 28 likes  845 points

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absulatly ok


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