OUTWARD IGST IS MINUS FIGURE DUE TO CREDIT NOTE ISSUED BY US

[RAHUL GAIKWAD]

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.

AI Summary

Handling Negative IGST in GSTR 3B Due to Credit Note from January 2019 Bill A user raised a query about handling a negative Integrated Goods and Services Tax (IGST) figure in the GSTR 3B return due to a credit note. The total output IGST from regular sales is Rs. 67,361, while the credit note issued amounts to Rs. 79,080, resulting in a net IGST payable of negative Rs. 11,719. A respondent inquired if the credit note includes bills from a previous period, to which the user confirmed it pertains to a bill from January 2019.