Dear Sir,
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.
Menu
Sales liability lower than credit note, how to address in GSTR-3B monthly return.
Replies (2)
You may adjust it in subsequent month returns
You can claim the refund tax mention in credit note by1 filling form GST RFD-01 on GST portal.
Recent Topic
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
Related Topics
CAclubindia
