In Feb.20 3B return Outward sales , GST and ITC shown excess i.e. Turnover shown yearly instead of Monthely..
So how to reduce my outward sales and reverse ITC in next 3B return.???
Adv C P Chandsarkar Jalgaon
Mbl. 8446908890.
Mail advcpcjal@gmail.com
Adv C P Chandsarkar Asked question September 23, 2020
You should reduced the outward supplies excess shown in 3_B earlier from current disclosure of outward supply in current GSTR-3B.
(Table 3.1 (a) of GSTR-3B) . The excess ITC can be reversed in 3-B of current month at table 4(B)(2) of the GSTR-3B.
It may be noted that while making adjustment in the output tax liability or input tax credit, there can be no negative entries in the FORM GSTR-3B.
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