NEGATIVE TAX LIABILITY

291 views
User Avatar

81 Points Posted on 16 December 2021
dear sir
i have more sales return than sales in November 2021

Sale - 100000 + 18000 tax
sales return - 500000 + 90000 tax

ITC - 0

so in this case how will i file gstr 1 and 3b

and tax difference of 72000 will get credited in my electronic credit ledger or what will happen to it.. how can i claim that amount?

please help
0 Reply Share Follow
On 16 December 2021 at 10:19 Report
Replies (4)
Quick Summary
This discussion addresses a scenario where sales returns in November 2021 exceeded sales, resulting in a negative tax liability. The user is seeking guidance on how to correctly file GSTR 1 and GSTR 3B in this situation. Specifically, they want to know what happens to the tax difference and how to claim it, with the query eventually being resolved.

User Avatar

Profession
28271 Points Posted on 16 December 2021
Pls recheck this can't be a real story.
Reply
On 16 December 2021 at 11:38
User Avatar

81 Points Posted on 16 December 2021
Well it happen to me.. please resolve it
Reply
On 16 December 2021 at 16:19
User Avatar

Profession
28271 Points Posted on 17 December 2021
It can't be .
Reply
On 17 December 2021 at 18:38
User Avatar

81 Points Posted on 17 December 2021
You don't know gst... anyways my query is resolved. thanks
Reply
On 17 December 2021 at 18:46

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Topics :

  1. APPLICABILITY AND BREAKDOWN OF GST COMPLIANCE ON S
  2. Advance for supply of goods
  3. Question for members: how do you manage client doc
  4. Clarification Required on Invoicing and Receipt of
  5. SEBI Registered VS NSDL Registered RTA
  6. Income tax or capital gain tax for Resident Indivi
  7. PCIT-1 Thane Email address
  8. CA Fees deduction for non audit case allowed?
  9. 5th Letter PAN Mismatch with Surname issues still
  10. Criteria to hire an article

More recent discussions | Post

Related Topics :

Loading