GST Annual return

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This discussion addresses a common issue where export sales reported in GSTR-1 and GSTR-3B for March are not reflected in the 2018-19 balance sheet, causing a turnover difference. The advice suggests that export transactions should be included in the GSTR-9 filing. While this may create a discrepancy for GSTR-9C, the reason should be noted. It's crucial to book all sales from tax invoices issued within the financial year to avoid problems with both GST and Income Tax.

SANJAY SHARMA

SANJAY SHARMA (Querist)

23 October 2020 My export sale in the month of march reported in both gstr 3b and Gstr 1 but not recorded in my Balance sheet for the peroid 2018-19. So there will be difference in both turnover please suggest any solution

CA Ankith Jain

CA Ankith Jain (Expert)

24 October 2020 For the purpose of GSTR-9, it is better to include the transaction of export and for purpose of 9c, you will get a difference, you could mention the reason for such difference.

Lekhraj sood

Lekhraj sood (Expert)

24 October 2020 That is not allowed. You have to book sales of all tax invoices issued in 2018-19. You will face issue in Income tax also for non-payment of income tax. Further, I agree with the reply of CA Ankith Jain.

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