Dear Sir
Can you give your expert solution of the following circumstances :
My client is a service provider and return filing period is quarterly . They issued an invoice say 10,00,000 to a client in Jan-20 tax rate is 18%. So we have paid the Output Tax for the month of Jan-20 alongwith GSTR 3B. The client has put the invoice pending.
The client has made the invoice cancelled and intimated in May-20.As the GSTR-1 due date was extended due to Covit-19 we filed the GSTR- 1 for the month of Jan- Mar-20 in June -20 showing the invoice cancelled.
Now the result is GSTR-3B is more sales and GSTR-1 shows less sales.
1. So my question is how to rectify the same ? As due to Covit -19 effect we don't have business from April-20 to Aug-20 and may be no business in Sep-20.As there is no business we can't adjust in 3B from April-20 to Sep-20.
2. If in Sep-20 small business happen can I adjust partly of the excess amount in GSTR-3B ?
3. After Sep-20 can I make adjustment of this amount say in Oct-20 to Mar-21.
Waiting for a early reply
Thanks
Gupta
CAclubindia
