Im showing in 3B like this
Can anyone suggest me is this right
# If i have Purchase return,
taxable amount rs.100000 CGST18000+SGST18000
I'm show this as outward supply column as rs.100000 CGST18000+SGST18000
# If i have Sales return same above amount
I'm showing this as in ITC eligible column CGST18000+SGST18000
3 Replies
Vishal
(cwa)
(149 Points)
Replied 12 March 2019
no you have to net of sales return from sales and purchase return from purchase
Venkatesh K N
(student)
(178 Points)
Replied 12 March 2019
@ Vishal what if purchase return exceeds purchase ITC like sales return exceeds sales outwards
pritesh
(CA Final student)
(7101 Points)
Replied 12 March 2019
Dear venkatesh,
prachese return can be reversed if you don't have purchase also...
you Have to reverse under table 4 in that itc reversal others
prachese return can be reversed if you don't have purchase also...
you Have to reverse under table 4 in that itc reversal others
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