IGST Payable Negative in GSTR1

[Veeramani S]

IGST purchase accounted in May-23 and Input Tax Credit utilized. Due to some issue, the purchase return has to be done in Jul-23, for which by mistake IGST Sale Invoice raised against the same supplier and IGST payable also paid in Aug-23 (instead of reversing the IGST Input Tax Credit for which he should have raised Debit Note against that purchase).

In the month of Sep-23, that Sale Invoice, treated as Sales Return and Credit note raised against that Sale Invoice. This trader usually sell goods within the State only. Now that Sales Return shown in the GSTR-1 in Sep-23 as Negative. All are B2B transactions.

Doubt: Can we adjust that Negative figure (IGST Payable declared as Negative on GSTR-1 in sep-23 ) against IGST Sales if any, in future months or Can we apply for Refund ?

AI Summary

IGST adjustment: rectify with credit/debit notes or claim refund under excess payment if no output IGST exists.
The trader should cancel or rectify the wrongly issued IGST tax invoice and issue appropriate credit or debit notes, ensure supplier adjustments and reversal of IGST input credit as required, and amend returns. If negative IGST in GSTR 1 cannot be adjusted against future IGST output in GSTR 3B, the taxpayer may either adjust against later output liabilities or claim a refund under the excess payment category via FORM GST RFD 01.