In July, a party has sold a taxable of ₹ 50000 and has issued a credit note of ₹ 70000 for the previous month. In such a situation what will be the figure of the sale in GSTR 3
Show Nil taxable value/outward supply and Zero tax liability in the July month GSTR 3B and Adjust the balance amount of sales return (i.e 70,000-50,0000=20,000) in the subsequent month GSTR 3B.
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