A RTP (composite dealer) sales turnover July to September -23 quarter NIL return filed.but dealer mistake sales turnover rs:6 lacs July to September -23 quarter.
question:
dealer missing turnover drc-03 challan pay or next quarter show or annual return correct procedure.
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Drc-03 or next quarter missing turnover
Replies (2)
Quick Summary
you can add sales in next quarter and pay the tax accordingly. but interest will be leviable on missed turnover.
Composition dealer missed turnover in a quarter:
• If CMP-08 for July–September 2023 was filed nil but there were sales, pay the composition tax on the missed turnover via DRC-03 (voluntary payment), with interest at 18% from the due date (18 October 2023).
• Report the correct turnover in the annual GSTR-4 (for FY 2023-24), which captures the total, and reconcile with DRC-03 payments.
• Don't add it to the next quarter's CMP-08 (that misstates the period).
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