I have file Oct month GSTR3B and sales return amout is igst re.35000 and sales igst only 4000.
so negativ value entered or not
if not so howmany month adjust this amount.
14 Replies
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 13 December 2020
Negative figures not allowed in GST returns
ayusmita
(Tax consultant)
(5885 Points)
Replied 13 December 2020
You can report negative value in Gstr3b as it enables now
Shivam RC
(Student)
(23683 Points)
Replied 13 December 2020
GSTN has enabled the facility to enter Negative Figures in Table 3 of FORM GSTR-3B w.e.f September 2020.
JATINDER KUMAR
(Accountant)
(3662 Points)
Replied 13 December 2020
Yes
Agree with Ms. Ayusmita and Mr. Shivam
Agree with Ms. Ayusmita and Mr. Shivam
ayusmita
(Tax consultant)
(5885 Points)
Replied 13 December 2020
Yes Jatinder now it's enable from September onwards of this year you can show negative value when you're sales return value is more than sales and other things when negative arise
saurabh sawlani
(Self employed )
(2191 Points)
Replied 13 December 2020
Sir/mam, option kha hai reversal ka??
Bhavika Kothari
(CA)
(1258 Points)
Replied 25 December 2020
Negative values can now be entered in GSTR-3B
saurabh sawlani
(Self employed )
(2191 Points)
Replied 28 December 2020
But mam option kha hai reversal ka
ayusmita
(Tax consultant)
(5885 Points)
Replied 28 December 2020
What you want to reverse ? Can you be little clearer
debora M
(BUSINESS DEVELOPMENT MANAGER)
(1697 Points)
Replied 28 December 2020
yes negative values can be entered
Kamlesh Tolani
(accountant)
(563 Points)
Replied 28 December 2020
In octobee month party ordered and I have make bill 35000 igst amount
now party order cancelled.so igst amount reverse allowed or adjust next.month
if adjust but no any sale igst in 2020-21.
now party order cancelled.so igst amount reverse allowed or adjust next.month
if adjust but no any sale igst in 2020-21.
Bhavika Kothari
(CA)
(1258 Points)
Replied 08 January 2021
Now you can enter negative values in GSTR-3b
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