JANUARY 2021 INVOICE CAN AMEND APRIL 2022 GSTR 1

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This query is : Resolved

Quick Summary

A user is seeking advice on amending a January 2021 invoice that was incorrectly reported with another party's GSTIN in their March 2021 GSTR 1. They wish to correct this in their April 2022 GSTR 1 and are concerned about a significant ITC amount. While one suggestion indicates amendments are possible until 30th November of the following year, another opinion suggests it might be too late for the January 2021 invoice. The discussion explores potential solutions if direct amendment isn't feasible, including notifying the other party and the possibility of the sister concern receiving the supply to claim the ITC.

VIKAS KUMAR SHARMA

VIKAS KUMAR SHARMA (Querist)

13 April 2022 Sir, a invoice was issued in january 2021 but mentioned wrongly GSTIN of another party in GSTR1 March 2021 now can we amend that invoice with right GSTIN in APRIL 2022 GSTR1
OR suggest how to adjust ITC (1.05 lac) beacuse it cost to me
regards

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

13 April 2022 Yes, amend that invoice with right GSTIN in APRIL 2022 GSTR1.

VIKAS KUMAR SHARMA

VIKAS KUMAR SHARMA (Querist)

13 April 2022 thanks for prompt reply SIR
but option not shown in particular table please guide if possible

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

13 April 2022 The last date to make amendments, corrections in GSTR-1, and upload missed invoices or debit/notes of one financial year is no longer the due date to file September return of the following year, but it is 30th November of the following year or filing of annual return, whichever is earlier.

VIKAS KUMAR SHARMA

VIKAS KUMAR SHARMA (Querist)

13 April 2022 but that invoice was for january 2021 and gstr 1 filled on dated 09-04-2021
can we still amend?

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

13 April 2022 Yes, you can still amend.

Lekhraj sood

Lekhraj sood (Expert)

14 April 2022 With due respect to Seetharaman ji but I do not think you can amend now Jan 21 invoice reported March 21 (Year 20-21) invoices because that could be amended till November 21.However, if buyer has taken credit in 3B , then the default can be explained on enquiry from the department. You can notify the other party of the mistake in GSTR1.

VIKAS KUMAR SHARMA

VIKAS KUMAR SHARMA (Querist)

14 April 2022 Ok Sir if we can't make amendment then suggest solution because that invoice wrongly booked on other GSTIN but they both firms are sister concern and ONE CEO look after them
waiting for previous advise

Lekhraj sood

Lekhraj sood (Expert)

14 April 2022 That is what I mentioned, The sister concern which received the supply and made payment may take the ITC.

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