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REDUCE LIABILITY
I HAVE ONLY CREDIT NOTES REALATES TO SALES. MEANS REDUCE LIABILITY IN GATR 3B.I HAVE NO SALES AND CREDIT NOTES VALUE IGST IS 45000/- BUT NOT TAKEN -45000/- IN GSTRB HOW REDUCE LIABILITY
Replies (3)
You can really do anything about it, just report the Credit notes in GSTR1 and you can adjust the same in the next month GSTR3B, i have done the same thing in case of one of my clients.
Views are strictly personal and there can be other views aslo.
Correct agree with Mr. Hemanth, 3B do not accept negative figure, hence need to reverse in the month where you have sufficient sale.
Yes, you can adjust than only in succeeding months in which you have sufficient outward supplies
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