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Negetive output liability

Ankit Dave (Student CA Final )     28 July 2020

Ankit Dave
Student CA Final  
 1 likes  46 points

| My Other Post
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
Sagar Patel

Sagar Patel (Tax and Business Consultant)     28 July 2020

Sagar Patel
Tax and Business Consultant 
 1003 likes  11181 points

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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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