TMI - Tax Management India. Com
Discussions Forum
Home Forum Goods and Services Tax - GST This
A Public Forum.
Anyone can participate to share knowledge.
We acknowledge the contributions of Experts/ Authors.

Submit new Issue / Query

NEGATIVE FIGURE IN GSTR1, Goods and Services Tax - GST

Issue Id: - 118245
Dated: 24-11-2022
By:- KERAGODEGOPALARAO ANANTHARAO
NEGATIVE FIGURE IN GSTR1

  • Contents

Dear sirs,

The B2C outward supples declared in GSTR-1 for the month of March 2022 was Rs. 4.00,30,000/-. There was no supply for Rs. 82,60,000/- due to un avoidable reasons. We have filed income tax return for corrected turnover. Otherwise there will be mismatch between income tax and GST portals. Credit note is issued for the same.We are amending the GSTR-1, resulting in Negative figure in GSTR-1. Is it allowable if not what is remedy?

Can we file GSTR-3B with revised figures?

Post Reply

Posts / Replies

Showing Replies 1 to 2 of 2 Records

1 Dated: 24-11-2022
By:- Ganeshan Kalyani

In my view, B2C accepts negative figure. So you can try and amend with correct amount.


2 Dated: 25-11-2022
By:- PAWAN KUMAR

Dear sir,

As per my view you need to report the credit note in GSTR-1 during the month in which these were issued. If you missed to report, you may report in next tax period also. Accordingly adjust your GSTR-3B return of the same tax period. By this way you may adjust.


1

Post Reply