B2C Ammendment Process

92 views 1 replies
User Avatar

7059 Points Joined January 2017
Taxpayer filing GST Return in QRMP Scheme.He wrongly entered fiqure in GSTR1 October 2024due to manual error.His all Sales are B2C . How can Amendment the above mentioned GSTR1, When the period
0 Reply Share Follow
On 20 October 2024 at 22:44 Report
Replies (1)
User Avatar

Master in Accounts & high court Advocate
8827 Points Joined December 2011

If the taxpayer has filed their GSTR-1 for October 2024 under the QRMP scheme and made an error in entering figures due to manual error, they can amend the GSTR-1 for that period.

Since all sales are B2C, they can follow these steps:

1. Wait for the next GSTR-1 filing period (January 2025).

 2. File an amendment to the original GSTR-1 for October 2024.

3. Correct the errors in the amended GSTR-1.

 4. Pay any additional tax due (if applicable).

 5. Submit the amended GSTR-1. Note that as per GST rules, amendments to GSTR-1 can only be made in the next filing period.

Additionally, it's essential to ensure that any corrections or amendments are made before the GST authorities initiate any proceedings or notices.

To avoid any potential issues, consider consulting a tax professional or chartered accountant for guidance on amending the GSTR-1. 

They can help ensure that the corrections are made accurately and in compliance with GST regulations.

Reply
On 21 October 2024 at 07:32


CCI Pro

Leave a Reply

Post Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Recent Threads

More recent discussions | Post

Related Threads
Loading