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
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Amendment for NIL rated supply
Replies (8)
Quick Summary
Report them in GSTR-1 filed for February,2023 period
Declare the same in GSTR-3b of next month. This is allowed as per section 37 of CGST Act.
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.
How to amend B2B NIL rated Invoice
Not necessary to do any amendments now , report them in February 23 month GSTR1 and GSTR3B, with applicable Interest rate as per section 50 of the CGST Act.
No Interest is required to be paid as no GST was payable on NIL rated supplies
Yes , agree with CA Vidyasagar Sir , No interest for NIL rated supply , only report them Feb 23 GSTR1 and GSTR3B .
Thanks a lot to all who showered their valuable advice
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