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Filling of GSTR-I

Return 179 views 5 replies

pallab saikia

SERVICE

96 Points Joined February 2009

One B2C transaction bill value Rs.7.00 Lacs related to the month of March'2022 mistakenly not shown in March'22 GSTR-1 return but the same was considered in GSTR3B in the month of March'2022.

Now, since it is a B2C transaction should we show the same in April'2022 GSTR-I return?

Please advice ..

Replies (5)

Eswar Reddy S

CFO- at NHTF

58280 Points Joined August 2012

Yes .You have to adjust in GSTR-1 and it should not be taken against in GSTR-3B.

Be cautious while submitting GSTR-3B of April since GSTR-1 data will be autopopulated

Pankaj Rawat

GST Practitioner

55062 Points Joined June 2017

Yes can report under amendment table of B2C . Select month March in amendment table for April's month GSTR 1 & increase the Sale .

Note : Do prepare reco statement for the same.

CA Altamush Zafar

GST Consultant

15986 Points Joined March 2013

As per the most practical approach I will not advise you to show in GSTR-1 of April. Just show the correct position in GSTR-9

Eswar Reddy S

CFO- at NHTF

58280 Points Joined August 2012

That is best Idea by doing it through GSTR-9 since adjustment in April has impact of change in FY which has effect in two FYs.

Within the FY adjustment can be done ..

Whether annual return details are from GSTR-1 or 3B or comparision between GSTR-1 AND GSTR-3B?

CA Altamush Zafar

GST Consultant

15986 Points Joined March 2013

Yes that is why i haven't recommended it.

Annual return details are taken from both gstr1 and 3b. All one will have to do is to show the correct position and that is the purpose of annual return.