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Filling of GSTR-I

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pallab saikia

SERVICE

58 Points Posted on 05 May 2022

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)

Quick Summary

A user mistakenly omitted a large B2C transaction from their March 2022 GSTR-1, though it was declared in GSTR-3B. The discussion explores whether to report this in April's GSTR-1 or rectify it in the annual return (GSTR-9). While some suggest amending GSTR-1 for March within April's filing, others advise against it due to potential financial year implications, recommending instead to correct it during the GSTR-9 filing process.

Eswar Reddy S

CFO- at NHTF

15022 Points Posted on 05 May 2022

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

29904 Points Posted on 07 May 2022

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

10402 Points Posted on 07 May 2022

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

15022 Points Posted on 07 May 2022

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

10402 Points Posted on 07 May 2022

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.