Question ID :
44887
082701
Whether excess of credit notes over Sales resulting in negative sales and negative liability be shown in GSTr 1 and return filed
Posted by
Mahesh Kumar
on
Jul 01, 2025
Filed Under
GST
Yes, you can show excess credit notes even if it leads to negative sales in GSTR-1.
Posted by
CA. SURAJ KUMAR CHOUDHARY on
Jul 02, 2025
Answer ID :
85963
Yes. Negative values allowed now
Posted by
VINAY BHARGAV KUMAR G on
Jul 10, 2025
Answer ID :
86031
Yes, it should be done. However the reduction in outward liability can be taken in the subsequent tax periods. Pls check out Circular 137 of gst as well.
Posted by
SREENIVASULU THULASIRAM on
Nov 17, 2025