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Amendment for NIL rated supply

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Eajaz Ahmad

Accountant

134 Points Posted on 05 March 2023

Respected Sir/Mam,
In January 2023 returns, We missed some of B2C & B2B NIL RATED invoices in GSTR1 & GSTR3B.
How can we solve this, as there's no Amendment table available.
Your valuable advice may help me a lot.
Eajaz

Replies (8)

Quick Summary

This discussion addresses how to rectify missed B2C and B2B NIL rated invoices in GSTR1 and GSTR3B returns filed in January 2023. The consensus is that since there's no specific amendment table, these invoices should be reported in the February 2023 GSTR1 and GSTR3B filings. Importantly, no interest is applicable on NIL rated supplies, even if reported late.

CA Vidyasagar B

Assistant Manager

176 Points Posted on 05 March 2023

Report them in GSTR-1 filed for February,2023 period

CA Mayank A Jain

Chartered Accountant in Practice

1260 Points Posted on 05 March 2023

Declare the same in GSTR-3b of next month. This is allowed as per section 37 of CGST Act.

prasad Nilugal

GST Practitioner & Accounts

15140 Points Posted on 05 March 2023

In addition to above I would like to add that , Interest is applicable for late payment of taxes in the month of February 23 , as per section 50 of the CGST Act.