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GST R1 and GSTR 3B

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CSC BUNGMUAL

21 Points Posted on 20 September 2022

I have received GST ITC from purchase of goods.

I also have to give ITC to my customer.

As per my invoices, i have filed GST R1 giving 18%, this is true and correct.

While filing GSTR 3B, i file nil return by mistake. So, there is no change at all in my electronic credit ledger. Not increase, not decrease.

Now, in next month, if file GSTR 3B correctly, will my GSTR1 will be still valid or do i have to prepare new one with same information prepared earlier? Or, if GSTR3B is file correctly, all the previous GSTR1 will still be valid.

Will all the ITC that i am to received it from my supplier will be credited to my ledger account once GSTR3B is filed correctly?

Pls advice

Replies (2)

Quick Summary

If you've mistakenly filed a nil GSTR 3B return, you can rectify this by declaring the missed outward liability and claiming the outstanding ITC in the following month's GSTR 3B. Be aware that interest may be applicable on the gross liability as per Section 50(3) read with Rule 88B, especially if it's not a case of delayed filing.

Sneha Latha

Senior Assistant

109 Points Posted on 20 September 2022

Hi,

The rectification u can make is show the liability and ITC in next month GSTR-3B which is not declared in current month GSTR-3B along with that month liablity.

CS Advocate Abhishek Goyal

M Com FCS LLB M-AIMA

11027 Points Posted on 22 September 2022

You can declare your left out outward liability and also claim leftover ITC but interest liability will be subject to section 50(3) read with rule 88B. According to rule 88B if it isn't it the case of delayed filing interest will be levied on gross liability.