negative itc because of purchase return.



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)
 
Reply   
 

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

absulatly ok
 
Reply   
 

GST Certification Course


LEAVE A REPLY

Your are not logged in . Please login to post replies

Click here to Login / Register  

 


×

  CCI MENU