GST PAYMENT ISSUE IN EXPORT SALES
This query is : Resolved
13 April 2021
Respected Sir,
Please guide me and oblige.
Ours export sales is under LUT and therefore while feeding the data of export sales in GSTR-1, we mention “Without Payment of tax “in the column of GST Payment and simultaneously Integrated Tax has been shown as NIL.
But in few of the months of the fy 2020-21 we have mentioned “ With Payment of tax “ instead of “Without Payment of tax “ but simultaneously Integrated Tax has been shown as NIL.
What to do in such circumstances?
Please guide me and oblige.
Ours export sales is under LUT and therefore while feeding the data of export sales in GSTR-1, we mention “Without Payment of tax “in the column of GST Payment and simultaneously Integrated Tax has been shown as NIL.
But in few of the months of the fy 2020-21 we have mentioned “ With Payment of tax “ instead of “Without Payment of tax “ but simultaneously Integrated Tax has been shown as NIL.
What to do in such circumstances?
19 April 2021
Hello,
It is advisable to rectify the same in next GSTR 1 which is not filed , by making Amendment to Export Invoice & Select the Correct option.
It is also advisable to enter the Taxable Amount in Rate-wise column according to the Commodity which will help you to avoid such mistake in Future because
If your Select 'Without Payment' Option then even if your enter the amount in 18% Taxable Value , IGST will be calculated as NIL whereas if you select 'With Payment' it will calculate the Tax
It is advisable to rectify the same in next GSTR 1 which is not filed , by making Amendment to Export Invoice & Select the Correct option.
It is also advisable to enter the Taxable Amount in Rate-wise column according to the Commodity which will help you to avoid such mistake in Future because
If your Select 'Without Payment' Option then even if your enter the amount in 18% Taxable Value , IGST will be calculated as NIL whereas if you select 'With Payment' it will calculate the Tax
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR 2 Short Term gain & Long term gain
- Reporting Income under Section 44ADA
- Itr 1 processing
- Off Market debit and credit transaction
- ITR returnFY25-26
- Short Term Capital gain on shares bought and sold after 2018 onwards
- ITR validation error - Balance sheet is not filled
- ITR 1: Details for showing Exempt Income
- Bank Accounts in Balance Sheet for ITR 3
- INCOME TAX ON REDEVELOPEMENT OF FLAT
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- Difference in tax comparison report
- Gst invoice numbering and delivery challan numbering
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
