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ANNUAL Return Queryy

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Mohammed Aziz Khokar

22 Points Posted on 04 June 2021

In F.Y2019-20, while filling GSTR3B of May19 Turnover with Tax Liability and ITC increased erroneously. Increased Output Tax is more than ITC amount i.e. output tax is increased by say Rs. 7500 and ITC increased with Rs. 5300. Now at the time of Filling GSTR 9 & GSTR 9C, this matter would come to our notice. Till Today, Mar 2021 GSTR 3B is Pending but all other GST returns are already Filled.
Please guide what treatment should be done in GSTR 9 & GSTR 9C for financial year 2019-20.
is any adjustment is required in Mar 21 GSTR 3B or any DRC-03 is required to file...??

Replies (4)

Quick Summary

This discussion addresses an error in the May 2019 GSTR 3B filing for FY 2019-20, where turnover and tax liability were erroneously increased, leading to a higher output tax than available ITC. The user needs guidance on how to rectify this discrepancy in the GSTR 9 and GSTR 9C for FY 2019-20, as the GSTR 3B for March 2021 is still pending. The advice suggests correcting the figures in GSTR 9 & 9C and paying the differential tax via DRC-03, as adjustments cannot be made in subsequent annual returns.