A new client came to me for GST Annual Return & GST Audit for FY 2018-19.
I found a mistake that in the monthly GST 3B return filed by the accountant that CGST & SGST credit has been claimed instead of IGST.
Is it possible to rectify the mistake in the annual return?
I know that CA has to give observation/qualification in his audit report as turnover exceeds 10cr.
Mistaken GST Amount is near 5 lakh, but it is approx 6% of the total ITC claimed in the year.
What will be consequences if we rectify the amount in annual return and what if we not?
No GSTR-3B & 1 pending for FY 2018-19.
As only few days left, if possible please provide me a solution as soon as possible.
CAclubindia
