Negative GST Liability in GSTR1 and GSTR3B

[PRAVIN TALEGAONKAR]

Dear sir,

In current month we have Negative liability in GSTR-1 for IGST amount in this case we need your guidance for following points:-

1). Is there is negative liability will be display in GSTR-3B in table 6 and same will be adjusted in next month IGST Liability.

2). Shall ITC of IGST will be adjusted CGST and SGST Tax Liability, since there is negative balance in IGST Liability.

Regards

Pravin Talegaonkar

display the to same in GSTR-3B. The negative liability will display in Table 6.

AI Summary

Handling Negative IGST in GSTR-3B: Declare Zero Liability, Adjust Later, or Apply for Refund if No Future Liability A discussion on a forum revolves around handling negative GST liability in GSTR-1 and GSTR-3B forms. A user queries about displaying negative IGST liability in GSTR-3B and adjusting it against future liabilities. Respondents suggest maintaining records until the liability turns positive and declaring zero IGST liability in the interim. They advise disclosing credit notes in GSTR-1 and adjusting liabilities in GSTR-3B when possible. If no future IGST liability is expected, applying for a refund is recommended. The issue arose due to credit notes, resulting in a negative liability of approximately 1.80 lacs.