HELLO MY FRIENDS
WHILE FILING MARCH - 2018 GSTR 3B I FORGOT TO INCLUDE ONE PURCHASE AND SALE TRANSACTION OCCURED ON 30-03-2018 WORTH RS. 1700000/-(PURCHASE) AND 1821000/- (SALES). IF I INCLUDE IN APRIL - 2018 IT WILL AFFECT THE FINANCIAL STATEMENTS OF 2017-18 AND 2018-19 ALSO. There is no provision to file Revised returns. WHAT TO DO NOW? can i rectify this error while filing annaual returns?
Purchase details has been submitted by my supplier in his GSTR-1. I found the same in GSTR-2.
IF I SHOW IN GSTR - 1.
WHAT I SHOULD DO WITH REGARDS TO TAX LIABILITY ARISED DUE TO OMISSION OF TRANSACTION?
If you have filed wrong return, then you can rectify it in your next return. For illustration see circular 26/2017 dated 26.12.2017. It has covered your case with example.
Hema Yashwanth & Associates
Chennai
B.Com
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Naveen Fintech Pvt Ltd
Kolkata
CA Inter
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CCI
Pro
CAclubindia
