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PURCHASE RETURN GSTR 3B
What is the right treatment of Purchase Return in GSTR 3B Form. As purchase return, being an outflow of goods, increases my tax liability, therefore where should it be shown?? Either in the Outward taxable supplies or it should be deducted from purchase to show net effect in all eligible ITC.
Replies (4)
it should be deducted from purchases
hello Shiva Garu as per my view there is no need to reflect the inward supplies amount in GSTR 3B however ITC on inward supplies shall be shown... so u can show such ITC after deducting the purchase returns.
if in the month of feb there is no Purchase but in this month we sent back goods that was previously Purchase. how i should show in GSTR 3B.
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