Hi, this discussion was quite helpful. One follow-up question - when we add amount in credit note do we add in positive or negative value in table 12 and table 13

[Rohit Nigam]

Hello team

When we add amount in credit note we add in positive value. However, in table 12 and table 13, should we add in positive or negative if there is only a credit note (and no invoices) for the current filing period quarter?

Would appreciate some guidance. 

Regards 

RN

AI Summary

Recording Credit Notes as Negative Entries in GST Returns When Filing Period Contains Only Credit Notes Under GST return rules, credit notes adjust outward supplies and typically reduce reported turnover and tax liability, so they are recorded as negative/adjustment entries in the relevant tables. Where the filing period contains only credit notes and no invoices, those credit-note amounts are entered in the same tables (tables 12/13) as reducing values, producing a net negative/zero taxable value and corresponding tax adjustment. Follow the return form instructions and applicable guidance for sign conventions and supporting documentation to ensure correct accounting and compliance.