GSTR-1 how to rectify/update

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This query is : Resolved

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If you've missed entering a B2B bill in your GSTR-1 return for a previous month, you can include it in your current month's return (e.g., April 2022). Ensure you use the original invoice date and number. If you don't have enough Input Tax Credit (ITC) to cover the tax liability from the missed bill for the original period, you may need to show it as a current month's sale in GSTR-3B and pay interest at 18% per annum.

J. vijay kumar

J. vijay kumar (Querist)

10 May 2022 Dear sir,

I missed to enter/update a B2B bill in GSTR-1 Return for the month of March' 2022. I filled the nil GSTR-1 & 3B for March' 2022.

Please advise remedy, how to rectify the same now in April' 2022 Returns GSTR-1 & 3B.

Thanks in advance

Vijay Kumar

CA Kushwanth AVSR

CA Kushwanth AVSR (Expert)

10 May 2022 As it is a B2B bill enter the bill with the original date and invoice number in April 2022 return. However, if you do not have sufficient ITC to set off the output tax liability as at the end of the March, then in GSTR 3B show it as April Sale and pay interest @ 18% p.a. and show it clearly in the tax breakup wise liability in GSTR 3B.

Message likes : 1 times

J. vijay kumar

J. vijay kumar (Querist)

10 May 2022 thanks for prompt reply mr. kushwanth

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