Negative itc on gstr3b

If in a month we purchase something nd paid igst of 200 nd in next month we return that so there is -200 igst in next month... how to reflect this on gstr3b
Replies (7)
Quick Summary
This discussion clarifies how to manage negative IGST Input Tax Credit (ITC) on GSTR-3B when items are returned. It explains that for purchase returns, the negative IGST ITC should be adjusted directly within the ITC claim of subsequent months, rather than through a formal 'reversal' process. This ensures accurate reconciliation between your books and GST returns.

When You have IGST ITC at the time You will less the negative value to positive value...

When there is a purchase return the ITC reversal can be made in 4(B)(2), 4(B)(2)Others is for – Any other ITC which has been reversed in the books by you.

Bcoz when you adjust the ITC of purchase return with any subsequent months it may result in confusion while reconciliation of ITC between books and return during Annual Return.

reversed means not claiming the ITC in any manner of the GST...

Purchase return tax not under these category of REVERSAL...

 

The purchase related ITC already availed / can be avail... So, It will be less only through ITC...

Originally posted by : RAJA P M
reversed means not claiming the ITC in any manner of the GST...

Purchase return tax not under these category of REVERSAL...

 

The purchase related ITC already availed / can be avail... So, It will be less only through ITC...

Reversal of ITC means the credit of inputs utilised earlier would now be added to the output tax liability, effectively nullifying the credit claimed earlier.

So, reversal cant be said, " means not claiming the ITC in any manner of the GST..." as per your point.

READ THE QUERY AND GIVE YOUR OPINION....

NOT CLAIMING ANY MANNER OF THE GST.... NOT FOR RAJA'S POINT.... REVERSAL OF TAXE IS NOT AVAILABLE AS ITC....

I'm just making my opining but when making a reply to another opinion quotation is required, that too as an opinion not for making anything right or wrong. 

If you can refer to any links or any official pages for that means it will be better for learning with clarity.

 

No No No Dear...
I'm not says that way...

Reversal of ITC means that is not eligible to claim ITC...

But, here purchase related details to return as PR then the tax will be less in ITC only...

no more effects for reversal...

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