Major GST Portal Update: GSTR-3B Now allows Negative Values in Outward Supply at Table 3.1

GSTN has introduced a major update allowing negative values in outward supply at Table 3.1 of GSTR-3B. This change will provide businesses with the ability to report negative values in cases where refunds or adjustments are made. The update aims to simplify the reporting process for businesses that deal with returns, discounts, or corrections in prior periods. It allows for accurate reporting of net values in GST returns, ensuring compliance with the tax laws. Taxpayers must ensure that they correctly use this feature to avoid discrepancies in their GST filings.