Updated Online video classes available for CA,CS,CMA for May20 and Nov20 batch. Call: 1800-3000-0505

negative itc because of purchase return.


ishan ali (na)     20 July 2019

ishan ali
na 
 26 points

| My Other Post

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

View Profile | My Other Post

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 -GST)     21 July 2019

Anshuman Basu
account -GST 
 37 likes  1036 points

View Profile | My Other Post

absulatly ok


Leave a reply

Your are not logged in . Please login to post replies

Click here to Login / Register  



Popular Discussion


view more »