Revision in original invoice and its impact in gstr-3b
This query is : Resolved
19 December 2018
Dear All,
Hope all are doing well !
My query is as under :
1. Invoice No. 1 of Rs. 112 (i.e Taxable Value Rs. 100 & GST (12%) Rs. 12) raised in Oct-18 - Return filed and liability paid.
2. After filing of GSTR1 & 3B of the above month, it came to notice that same invoice (i.e. No. 1) was revised in Nov-18 and revised invoice value is Rs.168 (i.e. Taxable Rs. 150 & GST (12%) Rs. 18).
3. GSTR-1 for the m/o Nov-18 filed (detail of above revised invoice also mentioned therein).
4. Diff of point no. 2 & 1 w.r.t Taxable Value is Rs. 50 (150-100) & GST Rs. 6 (18-12).
5. Now, at the time filing GSTR-3B for Nov-18- In the field of details of outward supplies/RCM supplies- I have shown the differential taxable amount(i.e. Rs. 50) and GST liability (i.e. Rs. 6) and paid the liability.
Pls go thru the case and do suggest me whether am i right in this approach?
If not, then pls suggest me the right way.
Thanks in advance.
Hope all are doing well !
My query is as under :
1. Invoice No. 1 of Rs. 112 (i.e Taxable Value Rs. 100 & GST (12%) Rs. 12) raised in Oct-18 - Return filed and liability paid.
2. After filing of GSTR1 & 3B of the above month, it came to notice that same invoice (i.e. No. 1) was revised in Nov-18 and revised invoice value is Rs.168 (i.e. Taxable Rs. 150 & GST (12%) Rs. 18).
3. GSTR-1 for the m/o Nov-18 filed (detail of above revised invoice also mentioned therein).
4. Diff of point no. 2 & 1 w.r.t Taxable Value is Rs. 50 (150-100) & GST Rs. 6 (18-12).
5. Now, at the time filing GSTR-3B for Nov-18- In the field of details of outward supplies/RCM supplies- I have shown the differential taxable amount(i.e. Rs. 50) and GST liability (i.e. Rs. 6) and paid the liability.
Pls go thru the case and do suggest me whether am i right in this approach?
If not, then pls suggest me the right way.
Thanks in advance.
20 December 2018
It would have been appropriate to issue a debit note for the difference in price and disclosed in the return accordingly.
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20 December 2018
I agree with your point on debit note but that was not happened in my case.
Happened case is as stated in my query and my point is "am I correct in my approach"? kindly suggest
Thanks in advance
Happened case is as stated in my query and my point is "am I correct in my approach"? kindly suggest
Thanks in advance
20 December 2018
Beside the provisions for Debit / credit note, there is also provision for Revision in original invoice in the act. However, in my case it was not possible to cancel the revised invoice and raise a debit note instead.
That's why I have followed this approach will filing my GSTR-3B for the m/o Nov-18.
Kindly suggest the implication of the above if any.
That's why I have followed this approach will filing my GSTR-3B for the m/o Nov-18.
Kindly suggest the implication of the above if any.
20 December 2018
A revised tax invoice u/s 53 of the CGST Act, is issued only in circumstances when the dates of grant of regn. is different from the dateof issue of registration certificate. There is no provision to issue revised invoice for errors made in original invoices. For the differential price change it would be appropriate to issue a debit note for the differential amount u/s 54 of the CSGT Act (Pl.refer).
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