In May24 GSTR1 return we have entered a credit note (sales Return – party sent a part portion of consignment) for the sales we made in Apr24 in table no 9B (Credit / Debit Note Registered) As there was no other liability in IGST tax it shows as negative liability in Total of GSTR1 return. But in GSTR3B zero in IGST Tax Column as there was no IGST liability.
Again in Jun24 GSTR1 we have entered another credit note (sales Return -party sent another part portion of consignment) for the sales we made in Apr24 in table 9B(Credit / Debit Note Registered) but this month we have Igst tax liability to some extent and not cover the full liability, so the total of GSTR1 shows a negative liability in IGST tax after adjusting the IGST tax liability in that month.
But in Jun24 GSTR3B also zero in IGST tax column as there was a little IGST tax liability not covering the negative IGST tax liability in the credit note which was raised in Jun24. Since then we do not have IGST tax liability till Aug2024.
In September 2024 we have some IGST tax liability to offset the negative liability there was no provision in filing the GSTR3B.
By googling, we find there was a service added in the GST site like Negative Liability for Regular (previously only for composite dealers is available)from September2024 But it does not consider the opening balance on the date 01.09.2024 and we cannot explore before that date) In Our case the negative liability occurs before 01.09.2024(in May’24 and Jun’24) Hence we could not brought forward the negative liability.
Hence we file our Sep24 GSTR3B we offset the negative liability as we can claim like ITC reversed earlier. Now the reclaimable statement shows a negative balance in IGST claim column.
CAclubindia
