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Goods return

mukund (manager) (480 Points)

09 March 2018

If there is more quantity of goods return than gods sold in a particular tax period then how should I show in the HSN summary in GSTR 1?

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14 Replies

RAJA P M ("Do the Right Thing...!!!") (127984 Points)
Replied 09 March 2018

Please elaborate Your query. Can't understand.

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NAGESWARAN (ACCOUNTANT) (834 Points)
Replied 09 March 2018

Hello Raja sir
For ex. in Jan month a particular item sold 100 units . in the same month he received the goods return 200 units. Returns also prior to previous momth supply. now the qty is -100..He asked how to specify this negative qty in GSTR1 HSN summary.

Thank u sir..

Aashish Sachdeva (839 Points)
Replied 09 March 2018

As per my personal opinion, issue credit against same invoice number. in the same month tally automatically reduce the quantity.

its my personal opinion,if anybody have different view then views are welcome. thanks. Disclaimer: its not Professional Advice.

RAJA P M ("Do the Right Thing...!!!") (127984 Points)
Replied 09 March 2018

Dear Mr NAGESWARAN., As per my view and Checking the availability. It's showing negative figure. But, I don't know exactly for the Solution... Wait on further reply from Our Experts...

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Anmol Singla (808 Points)
Replied 09 March 2018

basically HSN summary is for the supply of goods made during the period, it does not relate to goods return

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Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 09 March 2018

yes , Correct @ Anmol ji, HSN summary is only sale made that month only .👍

mukund (manager) (480 Points)
Replied 09 March 2018

But sir my accounting software in gstr 1 report shows the net quantity i.e sale minus return goods in HSN summary report. This

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RAJA P M ("Do the Right Thing...!!!") (127984 Points)
Replied 09 March 2018

Mr. Mukund., You are exactly correct and Also its same in Offline Tool... We can less the values with same as Supplies and Goods Return... In HSN Summary = Sales - Sales Return...

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mukund (manager) (480 Points)
Replied 09 March 2018

OK sir
thanks

Pankaj Rawat (GST Practitioner) (55047 Points)
Replied 13 March 2018

But with due respect , one cannot depict minus figure in Anywhere in gst return , so u can keep it blank in that case (zero)

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NAGESWARAN (ACCOUNTANT) (834 Points)
Replied 13 March 2018

yes i following this steps in my gst return

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RAJA P M ("Do the Right Thing...!!!") (127984 Points)
Replied 13 March 2018

Originally posted by : NAGESWARAN
	yes i following this steps in my gst return

Enjoy Yourself My Dear Mr NAGESWARAN..

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NAGESWARAN (ACCOUNTANT) (834 Points)
Replied 13 March 2018

Hello Mr.RAJA Sir

only with negative balance... otherwise i follow as per your comments...i.e.In HSN summary sales -sales return...

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RAJA P M ("Do the Right Thing...!!!") (127984 Points)
Replied 13 March 2018

Originally posted by : NAGESWARAN
	Hello Mr.RAJA Sironly with negative balance... otherwise i follow as per your comments...i.e.In HSN summary sales -sales return...

Fine... Good Practice...

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