TaxTMI 
TaxTMI 
NEGATIVE FIGURE IN GSTR1
X X X X Extracts X X X X
X X X X Extracts X X X X
....EGATIVE FIGURE IN GSTR1<br> Query (Issue) Started By: - KERAGODEGOPALARAO ANANTHARAO Dated:- 24-11-2022 Last Reply Date:- 25-11-2022 Goods and Services Tax - GST<br>Got 2 Replies<br>GST<br>Dear sirs, ....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... The B2C outward supples declared in GSTR-1 for the month of March 2022 was Rs. 4.00,30,000/-. There was no supply for Rs. 82,60,000/- due to un avoidable reasons. We have filed income tax return for ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....corrected turnover. Otherwise there will be mismatch between income tax and GST portals. Credit note is issued for the same.We are amending the GSTR-1, resulting in Negative figure in GSTR-1. Is it al....
X X X X Extracts X X X X
X X X X Extracts X X X X
....lowable if not what is remedy? Can we file GSTR-3B with revised figures? Reply By Ganeshan Kalyani: The Reply: In my view, B2C accepts negative figure. So you can try and amend with correct amount.....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... Reply By PAWAN KUMAR: The Reply: Dear sir, As per my view you need to report the credit note in GSTR-1 during the month in which these were issued. If you missed to report, you may report in next ....
X X X X Extracts X X X X
X X X X Extracts X X X X
....tax period also. Accordingly adjust your GSTR-3B return of the same tax period. By this way you may adjust.<br> Discussion Forum - Knowledge Sharing ....