11 January 2021
I HAVE MADE TOTAL IGST SUPPLY BASIC VALUE = 32967 Rs TAX 18% = 5934.06 Rs AND LOCAL SALE OF BASIC 3200 Rs TAX 18% = CGST=288 Rs AND SGST=288 Rs. IN THE SAME MONTH I HAVE RECEIVED IGST SALES RETURN OF BASIC VALUE = 44068.92 AND TAX 18%= 7932.41 Rs. NOW IF I PUT ALL THE OUTPUT TAX DETAILS IN GST 1 SO HOW I CAN LESS MY LIABILITY IN GST 3B . YOUR HELP WILL BE HIGHLY APPRECIATED.
11 July 2024
To accurately report GST transactions in GSTR-1 and GSTR-3B, include IGST supplies, local sales, and sales returns. Calculate total output tax liability for the month, adjust for sales returns, and adjust IGST credit against CGST or SGST liability. Fill the GSTR-3B form with total taxable value and tax amount for IGST, CGST, and SGST supplies. Concure GSTR-3B with GSTR-1 for accuracy and compliance. Consult a GST professional for significant credits or liabilities.
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