Festive Savings Are Here. Get 10% OFF on All CCI Pro Plans. Subscribe Now!

3B taxable value error

391 views

Save Share

Join Us Follow Us Add as Source

putta d

22 Points Posted on 26 November 2022

Hi,

I have mentioned excess RCM taxable value in 3B but tax is correct . How rectified excess table value..

Kindly help.

Replies (3)

Quick Summary

This discussion addresses an error where the taxable value in GSTR 3B was overstated, but the tax paid was correct. The advice provided suggests two methods for rectification: either reduce the taxable value in subsequent GSTR 3B filings or correct it directly in the GSTR 9 annual return. Since the tax amount was accurate, no interest liability will be incurred.

Satyapriy Chindak

99 Points Posted on 26 November 2022

Https://play.google.com/store/apps/details?id=com.si.gstcalculator

use the App - "GST Eagle" GST Interest and Late Fees Calculator. with Regular GST Updates.

prasad Nilugal

GST Practitioner & Accounts

8998 Points Posted on 26 November 2022

In next RCM case , you report that much taxable value less but report tax correctly , So that in Annual return amount will tally , because your total. RCM taxable value of F.Y will reflect in Table 9 of GSTR 9 at the year end .

Your Inward supply liable to RCM in Table 4(G) of GSTR9 should Tally with Table 9 of GSTR9 .

Mohit lodhi

student

381 Points Posted on 26 November 2022

You can either reduce the taxable value in GSTR-3B of subsequent months or you can correct the same in GSTR-9, as you have mentioned the correct value of tax so no interest liability will arise in this case.