Sir,
I am register in Gujarat .I had done sales in FY 19-20 in state of Maharashtra. In FY 20-21 I have issue credit note against FY 19-20 bill.
In FY 20-21 there is Less sales of IGST. when I show Credit not is GSTR -3B portal not accept negative value.
can I claim refund for the extra TAX paid ? if yes than under which section its eligible?
How to solve this transaction because in GSTR -3B portal not accept negative figure.
kindly Guide
Either you adjust it with further sales in subsequent month or you claim refund.
Refund can be claimed under Excess payment of tax
Sir
Under which section or rule we have eligible for refund?
By action of law itself. No government can collect tax more than what is authorised by law.
Therefore they will have to return it.
You can carry forward this amount in the next month till it is completely netted off against sales
Gupta Sachdeva & Co. Chartered Accountants
New Delhi
CA Final
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