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Negetive output liability

Ankit Dave (Student CA Final ) (46 Points)

28 July 2020

due to sales return of sale partaining of last month this month i have negetive figure in outward supply and respective igst also how to resolve

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Sagar Patel (Tax and Business Consultant) (11611 Points)
Replied 28 July 2020

As negative figures is not allowed to be mentioned in GSTR-3B, If Sales return is in excess of sales in a particular month, the taxpayer can file NIL GSTR-3B for particular month (because there is no GST liability), and in next month's GSTR-3B adjust the remaining amount of Sales return from future tax liability.

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