I booked sale in Jan-20 now I want reverse it can I reverse it.
& How to show in GSTR1 &GSTR 3B
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Reverse GST
Replies (8)
Why you want to reverse or cancel sale ?.
I think , you can amended your sale bill if B2B bill in GSTR -1 in month if January return . and in report less amount of sale in next three month 0r 2 month .
Dear All, sale Amount is related to B2B I want to reverse it because company denied to pay amount they also told that you can reverse the GST amount. my Dec 20 return is only pending
May be issue credit note if company denied to pay amount , in GSTR -1
As per section 34 of the CGST 2017 , credit note can be issued only in case reasons given in section 34 .
No option of reversal. Just reduce this sale and tax thereon in next month 3B
How to show in 3b Madam
Deduct it from sale of that month
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