Wrongly declared the turnover under Table 4 instead of 6C
This query is : Resolved
15 October 2020
Dear experts,
FY 2019-20 in GSTR1 we have declared Rs. 2 crore Taxable Turnover under the Table 4. Actually this is deemed exports @ 0.1%. It should be shown in GSTR1 under the Table 6C. will it create any problem, while filing the returns GSTR 9 & GSTR 9C? Please guide me to rectify it.
FY 2019-20 in GSTR1 we have declared Rs. 2 crore Taxable Turnover under the Table 4. Actually this is deemed exports @ 0.1%. It should be shown in GSTR1 under the Table 6C. will it create any problem, while filing the returns GSTR 9 & GSTR 9C? Please guide me to rectify it.
15 October 2020
You fill up GSTR9 correctly based on your books of accounts.
There can be problem if you want to claim refund of ITC. Since it is for financial year 2019-20 you can do correction in September GSTR1 if you have not filed or system may permit you to do in October GSTR1 also .
There can be problem if you want to claim refund of ITC. Since it is for financial year 2019-20 you can do correction in September GSTR1 if you have not filed or system may permit you to do in October GSTR1 also .
15 October 2020
Please ignore my earlier reply. You have correctly declared in table 4.it will not be reported in table 6c because it is not deemed export supply. 0.1% is for merchant export which is not deemed export under gst.
16 October 2020
Thank you very for your valuable reply
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