Correction in annexure j1 & j2

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18 December 2014 Dear All

Can anybody guide me the way of updating supplementary Annexure J1,J2 fOr filing corrections

a)If I need to change the values against some TIN as filed in Annex J1/J2 of Form 704, then whether I need to update the corrected value or only the differential values in supplementary.?

b) If sales/purchase have been erroneously shown against these TINS how can I remove this effect by filing supplementary annexure J1 &J2. It is also known fact that these annexures do not accept negative figures.

The people at helpdesk for e704 are of very little help in guiding this query.

Thanx in Advance for your kind help.

--
Regards
CA Arpit Shah
Chartered Accountants
103/C, THOSAR HOUSE,
HANUMAN X ROAD
VILE PARLE EAST
MUMBAI- 400057
Mobile:9820869337

Asha Kanta Sharma

Asha Kanta Sharma (Expert)
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20 July 2024 Correcting errors in Annexure J1 and J2 of Form 704 for filing corrections involves specific procedures. Here’s a guide on how to handle these corrections:

### Understanding Annexure J1 and J2:

- **Annexure J1:** Contains details of sales made by the dealer.
- **Annexure J2:** Contains details of purchases made by the dealer.

### Procedure for Corrections:

1. **Identify the Error:**
- Carefully review Annexure J1 and J2 to identify the specific errors or discrepancies that need correction.

2. **Prepare Corrected Values:**
- Prepare the corrected values that need to be reported in the supplementary annexure.
- Ensure that you calculate the differential values that need to be corrected. For example, if an incorrect value of sales or purchases was reported, calculate the difference between the incorrect and correct values.

3. **Filing Supplementary Annexures:**
- **a) Corrected Values vs. Differential Values:**
- You should update the corrected values in the supplementary annexure J1 and J2. It's important to replace the incorrect values with the correct ones in the respective fields.
- If you initially reported erroneous figures, you should provide the correct figures as per your records. Ensure that these corrections are accurately reflected in the supplementary annexure.

- **b) Removing Erroneous Entries:**
- If sales or purchases were erroneously reported against certain TINs and need to be removed:
- In the supplementary annexure J1 and J2, enter zero (0) or the correct figure if it's different from the erroneous one.
- Ensure that you do not leave fields blank; fill them with the correct values or zero out the erroneous entries.
- Annexures typically do not accept negative figures, so ensure that you adjust entries to reflect accurate positive values or zero where necessary.

4. **Submission and Documentation:**
- Submit the corrected supplementary annexures along with your Form 704.
- Maintain proper documentation of the corrections made, including the reasons for corrections and any supporting documents.

### Additional Tips:

- **Accuracy:** Double-check all corrections before submission to avoid further errors.
- **Consultation:** If unsure about the correct procedure or handling of specific cases, seek guidance from the appropriate authorities or a tax consultant.
- **Helpdesk Assistance:** While helpdesk support may be limited, persist in seeking clarification or additional guidance as needed.

By following these steps, you can effectively correct errors in Annexure J1 and J2 of Form 704 and ensure compliance with GST regulations.

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