GSTR3B AND GSTR1 SALES LIABILITY DIFFERENCE

[BHAVESH MANIYAR]

Respected Sir,

While filling GSTR-1 there arose IGST Sales and CGST and SGST Credit note(Sales Return),but incase of GSTR-3B which is auto populated consideres only positive liability of IGST and effect of sales return is not taken? What is the solution.

For eg while filling GSTR-1 sales igst ₹ 1,80,000/- and cgst -18240 and sgst -18240 and while filling GSTR-3B IGST 1,80,000/- and cgst 0 sgst 0?

Also there will be no sales purchase in this firm henceforth?

Is refund only the option with us?

AI Summary

Discrepancies in GSTR-1 and GSTR-3B: Addressing IGST Sales Returns and Credit Notes. Is Refund the Only Solution? A user raised a query about discrepancies between GSTR-1 and GSTR-3B filings, specifically regarding IGST sales and CGST and SGST credit notes. In GSTR-3B, only positive IGST liabilities are considered, ignoring sales returns, leading to differences. The user provided an example where IGST is 1,80,000, and CGST and SGST are zero in GSTR-3B, despite credit notes being present. The user questioned if a refund is the only solution since there will be no further sales or purchases. A respondent suggested considering a refund and referred to Circular 125 for guidance.