Mistake in gstr3b

This query is : Resolved

Shankar Wire Products Industri (Querist)
Follow

12 June 2018 Sir, I filled properly my GSTR3B for the month of February 2018 and subsequently GSTR1 also properly. I also filed RCM figures (transportation expences) but at the time of submitting GSTR3B, it did not ask for payment of GST amount for RCM. I presumed that perhaps RULES may have been amended sothat RCM demand might have been mitigated from the balance of ITC in my GST ledger. Now I was checking my previous filed returns. To my great surprise GSTR3B for the month of February 2018 is showing all figures as ZERO. Whereas GSTR1 for February 2018 is correct.
Now today is 12.06.2018. What are the options before me to rectify the mistake.
Surendra Singhania

CA Padmasri Manyam

CA Padmasri Manyam (Expert)
Follow

13 June 2018 Disclosure of details in GSTR-1 does not result in payment of tax. The tax has to be paid only through GSTR-3B. To avoid interest liability it is better to show the RCM liability of February 2018 in Form GSTR-3B of May 2018.
You may have to pay interest @18% on RCM liability from 20th March 2018 till the date of payment i.e. 20th June 2018.

Shankar Wire Products Industri

Shankar Wire Products Industri (Querist)
Follow

13 June 2018 Thank you very-very much Sir/Madam. I am situated at Deoghar (Jharkhand). Should I require any guidance in GST from you, may I be permittted to make correspondences direct with you. Surendra K Singhania, Mobile Number 9386142223 E-mail: swpi@weights-swpi.com

Shankar Wire Products Industri

Shankar Wire Products Industri (Querist)
Follow

13 June 2018 In the same sequence my question is :
"Since all the figures of GSTR3B of period February 2018 (including the ITC on the purchase made during February 2018 ) have become ZERO, Should I also claim these ITC (on purchases made during February 2018) in my GSTR3B return for the period of May 2018.
Kind regards,
Surendra K Singhania

CA Padmasri Manyam

CA Padmasri Manyam (Expert)
Follow

13 June 2018 Input tax credit also you can claim in May 2018 GSTR-3B

Palash Ghosh

Palash Ghosh (Expert)
Follow

14 June 2018 I would recommend you to go to Advance Ruling Authority to solve this matter immediately without delaying unnecessarily. There you can settle your problem now and can avoid any future interest and penalty.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now