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All QuestionsCategory: GST CompliancesHow to adjust bad debt Invoices in March 2019
Profile photo of R AnutamR Anutam asked 3 weeks ago

How to adjust bad debt Invoices in March 2019

 

How to adjust bad debt Invoices in March 2019

Income Invoices (B2C) were issued in July 2018 for Rs. 51,000 and Rs. 86,000/-. Accordingly GST @ 18% (12330+12330) was deposited and GSTR-3B & GSTR-1 Returns were filed. Now, these Invoices have become bad debts.

For March 2019, Income Invoice (B2C) issued is for Rs. 85,000/-. GST @ 18% (7650+7650) is to be deposited.

Queries:

1. How to adjust bad debt Invoices in March 2019?

2. Which tabs and steps to be used in GSTR-1 to make the amendments?

3. Can the GST liability of March 2019 (7650+7650) be set off against the GST already deposited (12330+12330)? If yes, How to make the adjustments for this?

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