TaxTMI 
TaxTMI 
TaxTMI 
OUTWARD IGST IS MINUS FIGURE DUE TO CREDIT NOTE ISSUED BY US HOW TO SHOW IN GSTR 3B RETURN.
TOTAL OUTPUT IGST OF REGULAR SALES RS. 67361/-
CREDIT NOTE ISSUED BY US IGST RS. 79080/-
THUS, NET IGST PAYABLE IS MINUS -11719/-
HOW TO ADJUST IN 3B RETURN.
OUTWARD IGST IS MINUS FIGURE DUE TO CREDIT NOTE ISSUED BY US
RAHUL GAIKWAD
Outward IGST adjustment: negative IGST from credit note raises reporting query on GSTR 3B when credit notes relate to earlier periods. A taxpayer reports net Outward IGST as a negative figure because credit notes issued exceed IGST on regular sales and asks how to show this in GSTR 3B; the exchange clarifies the credit note pertains to an invoice from a prior period, with no procedural guidance recorded. (AI Summary)
