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Exempt supply instead of Nil rated

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Accountant
132 Points Posted on 04 March 2024
Respected Experts
In January 2024 GSTR1 return we wrongly showed EXEMPT supply instead of NIL RATED supply.
How do we rectify it.
Your advice will help me a lot.

Thanks & regards
Eajaz
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On 04 March 2024 at 06:48 Report
Replies (5)
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GST Practitioner & Accounts
15085 Points Posted on 04 March 2024
If you Can not amend the table 8 ( Nil rated , exempted supply) of GSTR 1 in the next month, or no such option to amend table 8, then I think you Can amend only in Table 5 of GSTR9 ( Annual return) . you have to note down this correction till the filling of Annual return.
24 Reply
On 04 March 2024 at 08:50
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GST Practitioner & Accounts
15085 Points Posted on 04 March 2024

Whatever  mistake you make in  GSTR 1 in whole year , you have an option to correct in Annual  Return . 

24 Reply
On 04 March 2024 at 09:28
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Chartered Accountant
86505 Points Posted on 05 March 2024
In next month GSTR-1 disclose the figures, show amount in nil rated and negative figure in exempted supply
814 Reply
On 05 March 2024 at 02:47
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QUALIFIED CHARTERED ACCOUNTANT
613 Points Posted on 05 March 2024

Kindly amend its details in Table 5 of GSTR-9

1 Reply
On 05 March 2024 at 12:44
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Chartered Accountant
86505 Points Posted on 05 March 2024
But better to ammend in next month GSTR-1
814 Reply
On 05 March 2024 at 21:39


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