I booked sale in Jan-20 now I want reverse it can I reverse it.
& How to show in GSTR1 &GSTR 3B
8 Replies
Priyank Nema
(Bhopal)
(100 Points)
Replied 11 January 2021
I think , you can amended your sale bill if B2B bill in GSTR -1 in month if January return . and in report less amount of sale in next three month 0r 2 month .
Jayaram Damodare
(Accoutant)
(257 Points)
Replied 11 January 2021
Dear All, sale Amount is related to B2B I want to reverse it because company denied to pay amount they also told that you can reverse the GST amount. my Dec 20 return is only pending
Priyank Nema
(Bhopal)
(100 Points)
Replied 11 January 2021
May be issue credit note if company denied to pay amount , in GSTR -1
prasad Nilugal
(3924 Points)
Replied 11 January 2021
As per section 34 of the CGST 2017 , credit note can be issued only in case reasons given in section 34 .
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 23 January 2021
No option of reversal. Just reduce this sale and tax thereon in next month 3B
CA Rashmi Gandhi
(Chartered Accountant)
(86461 Points)
Replied 24 January 2021
Deduct it from sale of that month
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