Regarding 3b

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accountant
564 Points Posted on 12 December 2020
I have file Oct month GSTR3B and sales return amout is igst re.35000 and sales igst only 4000.
so negativ value entered or not
if not so howmany month adjust this amount.
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On 12 December 2020 at 23:43 Report
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Quick Summary
This discussion clarifies how to handle negative values in GSTR-3B, particularly when sales returns exceed sales. It confirms that negative figures are now permissible in Table 3 of GSTR-3B, effective from September 2020, allowing for adjustments when sales return amounts are greater than sales. The thread also addresses how to manage and adjust IGST amounts from cancelled orders in subsequent months.

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Accountant
3662 Points Posted on 13 December 2020
Negative figures not allowed in GST returns
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On 13 December 2020 at 00:02
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Tax consultant
5895 Points Posted on 13 December 2020
You can report negative value in Gstr3b as it enables now
1 Reply
On 13 December 2020 at 00:54
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Accountant
3662 Points Posted on 13 December 2020
@ Ayusmita

Are you sure ?
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On 13 December 2020 at 00:55
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Student
23693 Points Posted on 13 December 2020
GSTN has enabled the facility to enter Negative Figures in Table 3 of FORM GSTR-3B w.e.f September 2020.
1 Reply
On 13 December 2020 at 01:07
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Accountant
3662 Points Posted on 13 December 2020
Yes

Agree with Ms. Ayusmita and Mr. Shivam
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On 13 December 2020 at 01:10
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Tax consultant
5895 Points Posted on 13 December 2020
Yes Jatinder now it's enable from September onwards of this year you can show negative value when you're sales return value is more than sales and other things when negative arise
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On 13 December 2020 at 09:46
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Accountant
3662 Points Posted on 13 December 2020
Agree with you
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On 13 December 2020 at 11:17
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Self employed
2193 Points Posted on 13 December 2020
Sir/mam, option kha hai reversal ka??
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On 13 December 2020 at 12:42
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CA
1258 Points Posted on 25 December 2020

Negative values can now be entered in GSTR-3B

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On 25 December 2020 at 16:38
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Self employed
2193 Points Posted on 28 December 2020
But mam option kha hai reversal ka
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On 28 December 2020 at 12:08
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Tax consultant
5895 Points Posted on 28 December 2020

What you want to reverse ? Can you be little clearer

 

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On 28 December 2020 at 12:58
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BUSINESS DEVELOPMENT MANAGER
1697 Points Posted on 28 December 2020

yes negative values can be entered

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On 28 December 2020 at 13:57
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accountant
564 Points Posted on 28 December 2020
In octobee month party ordered and I have make bill 35000 igst amount
now party order cancelled.so igst amount reverse allowed or adjust next.month
if adjust but no any sale igst in 2020-21.
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On 28 December 2020 at 14:01
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CA
1258 Points Posted on 08 January 2021

Now you can enter negative values in GSTR-3b

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On 08 January 2021 at 17:29

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