Interstate sales return is more than sales

[KERAGODEGOPALARAO ANANTHARAO]

The sales return to Interstate is more than sales amount to that particular state.

How to make entries in GSTR-1 and GSTR-3B?

AI Summary

Handling Interstate Sales Returns in GST: Enter Negative Values in GSTR-1, Adjust Liabilities in GSTR-3B An individual inquired about handling interstate sales returns exceeding sales amounts in GST filings, specifically GSTR-1 and GSTR-3B. Respondents advised entering negative values for returns in GSTR-1 and adjusting liabilities in GSTR-3B, with limitations on negative figures. The discussion highlighted the complexity of managing credit notes when no sales occur in the same period, with suggestions to refer to specific GST circulars for guidance. The individual sought confirmation on correctly entering negative figures for returned goods in GSTR-1 and adjusting taxable values in GSTR-3B, receiving mixed responses about the feasibility and correctness of these entries.