Negative tax of outward supply in 3B

This query is : Resolved

Nikhil Sharma (Querist)
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18 November 2024 Dear Sir,
In October month we have IGST sale of Tax 19600 whereas Credit note of sales IGST tax is 19800

This negative IGST 200 being auto populate in outward supply of 3B, but has not reduced the Tax 200 not in CGST nor in SGST,

Pls clarify will this negative IGST 200 be adjust in Next month IGST sale. According to this 200 being excess paid in October 3B

Pls clarify ....

Thanks

Dhirajlal Rambhia online

Dhirajlal Rambhia online

(Expert)
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18 November 2024 According to GST rules, when a credit note is issued, the corresponding IGST credit is reversed. This negative IGST balance of ₹200 will be carried forward to the next tax period and can be adjusted against the IGST liability of the subsequent month. You can claim this adjustment in the next month's GSTR-3B, where it will reduce your IGST liability.