Cancelling an invoice for which i paid tax in gstr3b

Raise a credit note against that invoice

Thank You for reply. So I'll create a credit note against that invoice. What after that? Like where will I show this credit note in GST to fix this situation.

Credit Note is to be issued only when you are going to report that bill in GSTR 1. As you are not reporting same in Your GSTR 1 , so , reduce it in your Next 3b rerurn.

Lets suppose your next Month Total sale
is 100 & the GST payable is 28 , & wrongly shown bill was is 25 & GST payable is 10, then show sale 75/- (100-25) & GST payable 18 (28-10) for that month

Thank you for reply But Sir I will have to report it in GSTR1 else total amount of GSTR1 and GSTR3B will mismatch.
I file GSTR1 quarterly so before 20 Jan I'll be filing it and there I'll have to do something to cancel that bill from october.

And I forgot to mention I was supposed to cancel that invoice because it had IGST as 9%. Yes my mistake and due to this I'm even more confused as GSTR1 excel sheet won't allow to create such credit note with 9% tax rate. Credit note may not be need as you told but still please help me know how to cancel that bill's data from GSTR3B.

You should reduced next month sale from that Amt

Bro it will still create mismatch and as I told in my 3rd comment I calculated that bill's IGST as 9% and filed gstr3b without excluding that bill. I was such a fool to make such mistake and here I am clueless of proper solution. Thanks for input though, I appreciate your efforts :)

Dear Suppose your Taxable Amt Rs.10,000/- Tax Amt 900/-

So in Next month return you shall reduced Taxable Amt Rs.10,000/- and Tax Amt Rs. 900/-

If you Reconcile Both Month Total sale than Matched

Nov+ Dec (GSTR-3B)= Nov+ Dec (GSTR-1)

 

Wow. Will that be ok? So let me confirm what you are saying.

So my Invoice is from Oct 2018 and it has Rs. 2400 Taxble value and Rs. 216 as Tax (That is 9% instead of 18%) and that bill was never given to the party. But while calculation and filing of GSTR3B of October, I mistakenly included that Taxable value and Tax amount too.

Now you are suggesting that when I file my GSTR3B for december I should decrease the amount of total taxable value by Rs. 2400 and total Tax by Rs. 216. So that my Quarterly GSTR1 (Oct+Nov+Dec ) = GSTR3B (Oct+Nov+Dec) ?

Is that what you are suggesting bro? But doing so will be a problem as My December Invoice values won't match with December GSTR3B Values. That could create further problems, isn't it?
I was wondering if there is any way to show that bill number as cancelled in GSTR 1?

Dear , As you have already filed your 3b with including that cancelled bill , hence mismatch cannot be avoided. Hence better to reduce taxable value 2400/- & tax amount 216 in your next 3b & prepare reconciliation statement for the same . See GSTR 1 is your main return & 3b is your interim Return & outward supply reported GSTR 1 will be tally with your Books of account . Yes you R correct that 3rd qtr GSTr1 will be match with 3month 3b (oct nov dec) if reduce that 2400 taxable value in Dec month 3b . Moreover Dept. Will also tally the GSTR 1 qtly fiqures with your qtly file 3b. Hence there is no problem in doing the same . Even if you have an option to show that bill as cancelled ,in your GSTR 1 wont be tally with 3b filed for that month as you have already considered it in 3b . Hence the Mistake has been done in 3b then do correct it in 3b of your next month

Thank you so much for explaining so well. I'll reduce amount in next 3B as you said. Just one last doubt. You asked to prepare reconciliation statement. How is it done and where is that to be submitted. I'm confused as I never made one. I'm learning this all with help of good people like you. Thank You :)