Menu
GST payment for previous FY
For the f.y 19-20...IGST payment was made which should have actually paid in CGST and SGST ....how do I make the adjustment
Replies (4)
Below are the options :
1. Pay CGST+SGST and adjust IGST in GSTR3B - not suggested since September 2020 is the time limit to make adjustments in 3B;
2. Pay CGST+SGST through 3B and opt for refund of IGST.
3. Pay CGST+SGST through DRC-03 and opt for refund of IGST - suggested since filing DRC-03 will ensure no penalties can be levied in the future.
Both options 2 and 3 can be considered.
Ensure to disclose correctly in GSTR9 / 9C.
Pay the CGST and SGST now and apply for Refund of IGST. Note that no interest or late fees will be levied for the payment of CGST & SGST now.
Thankyou.
SIR,
Is that for 2018-19 difference in tax (i.e 2018 april we have a difference for sales ( cgst- sgst ) declared in 3B is shorter than GSTR 1 around 20000/-) now I need to pay with interest from 2018 may 22 to till date right? which challan need to use?
Recent Threads
- 44ADA income declaration
- Taxation of RSU sold of foreign listed entity by e
- Form26QB in case of death of joint owner (seller)
- Exemption of allowance
- Hardship compensation recd from builder (redevelop
- ITC CLAIM REGARDING EXPENSES
- Section 54 exmeption on under construction propert
- Taking too long to process ITR-2
- RCM or not
- AIS NOT OPEN
Related Threads
CAclubindia
