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SALES RETURN MORE THAN SALES

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Jishad T

GSTP

289 Points Posted on 03 June 2020

MARCH 2020 SALES IS- 150000+13500+13500 ( SGST 9+CGST 9%)

AND SALES RETURN IN MARCH IS 320000+28800+28800

3B SHOWING NEGATIVE BALANCE

AS OUTWARD SUPPLY (-170000) + (-15300)+ (-15300)

HOW TO TREAT IN 3B??

THERE IS NO NEGATIVE ENTRY

WHAT DOO

Replies (3)

Quick Summary

This discussion addresses a common GST issue where sales returns in March 2020 significantly exceed sales, resulting in a negative outward supply figure. The GSTR-3B portal does not accept negative entries, so the advice is to carry forward the balance amount to the next month's filing. It's also important to report sales returns correctly in GSTR-1.

Nivesh tater

Tax Executive at Mazars India Bangalore

205 Points Posted on 03 June 2020

As per the instructions annexed to the form GSTR-3B, since their cannot be negative figures, the balance amount after the current month adjustment, need to be carried forward to next month. For gst related updates and amendments follow @ gstgist on Instagram.

Pankaj Rawat

GST Practitioner

55067 Points Posted on 03 June 2020

The portal do not accept Negative figures in GSTR 3B , so balance need to be adjusted in your next month's GSTr 3B .

Note : Need to report CNT for sale return in GSTR 1.