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SALE RETURN EXCESS OF SALES MADE DURING THE MONTH

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NIVRUTTI SHINDE

33 Points Posted on 01 August 2020

Dear Friends,

During the month I have sales returns, but sales made during the month is less that sales returns. In last month I have reported sales and paid the GST on the same.

so how to show the sales returns in GST 3B, as net sales is negative and portal not accept negative figures.

Please provide me your valuable feedback.

Nivrutti Shinde

Replies (3)

Quick Summary

This discussion addresses the challenge of reporting sales returns that exceed the sales made within a tax period, particularly when the GST portal doesn't accept negative figures. The recommended approach is to declare nil taxable value and outward supply for the current month's GSTR 3B. Any excess sales return amount should then be adjusted against sales in subsequent months until the full value is accounted for, as per GST circular 26/26/2017.

Sagar Patel

Tax and Business Consultant

5533 Points Posted on 01 August 2020

Show Nil taxable value/outward supply and tax liability in the current month GSTR 3B and Adjust the balance amount of sales return in the subsequent month GSTR 3B.

CA Mayank A Jain

Chartered Accountant in Practice

855 Points Posted on 01 August 2020

You will have to show nil value in the current GSTR-3B and the balance value of sales return should be adjusted with sales of subsequent months till the time the entire value of sales return is adjusted. The same has been clarified at para 4 of circular 26/26/2017-GST.