GST mismatch

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This query is : Resolved

Quick Summary

This discussion addresses a GST mismatch where an incorrect GST number was reported in GSTR1 for December 2022 of the previous financial year. Since amendments for FY 2022-23 are no longer available, the customer is recovering the GST amount. This is because they couldn't claim the Input Tax Credit (ITC) and will need to reverse it with interest. Regular monthly or quarterly reconciliation of GST ITC is strongly advised to prevent such issues.

lingam

lingam (Querist)

19 January 2024 Dear Sir,

We are into transportation following RCM basis if GST no. wrongly mentioned in last FY 2022-2023 GSTR1 for the month of Dec-2022 can we rectify the same.

Kindly confirm
Thanks & Regards

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)

19 January 2024 Invoice Amendment not available now for FY 2022-23

RAJA P M

RAJA P M (Expert)

20 January 2024 FY 22-23 related Amendment not available now

lingam

lingam (Querist)

21 January 2024 Thank you for your reply. My customer has raised a query now after 12 months and is recovering the GST amount from our outstanding amount is it correct way to recover the amount from us. please reply immediately sir , thank you

Aashok Kumar Sharma

Aashok Kumar Sharma

(Expert)

22 January 2024 Yes, they will recover the GST amount as they did not got the credit. They will have to reverse the ITC availed with interest as well.

Monthly or at least Quarterly reconciliation of GST ITC is very crucial for all of us

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