Dear sirs,
My sales liability lower than credit note, how to address in GSTR-3B monthly return.
For example
May - 2020 sale liability
Taxable value. CGST. SGST
100000.00. 9000. 9000
Less:
Cr.Note. 150000. 13500. 13500
balance. -50000. -4500. -4500
Kindly to suggest, how to address in GSTR-1 & GSTR-3B.
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Sales liability lower than Credit note, How to address in GSTR-3B
Replies (4)
GSTR 3b will not take negative figures for outward supplies.You have to show credit note in next month when your liability will be equal or more than credit note..
Hi Narayan sir,
Please keep excel calculation as track and adjust every month until the balance becomes NIL.
Regards
Venkatanarayana GM
venkat @ hiregange.com
You may file GSTR3B with admissible turnover and claim balance in near future
Sirs,
How to address the credit note in GSGR-1 in May - 2020, equal sales liability or full credit note data.
kindly to suggest the same.
How to address the credit note in GSGR-1 in May - 2020, equal sales liability or full credit note data.
kindly to suggest the same.
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