GSTR 9 MARCH 2021

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CA
433 Points Posted on 15 January 2022

Turnover of Rs 10 lakhs pertaining to FY 2020-21 was omitted to be reported in gstr1 and 3b for FY 2020-21. It was wrongly shown as sales in May 2021 and the output tax was paid in May 2021. How to rectify it. Please help. I think GSTR9 can be filed now . But whether there will be any tax liability that the assesee has to pay. Whether the wrongly disclosed turnover in May 2021 can be reversed and the tax paid in May 2021 can be used to set off the GSTR9 liability.

Please Guide

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On 15 January 2022 at 09:58 Report
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Quick Summary
A user omitted Rs 10 lakhs turnover for FY 2020-21, reporting it instead in May 2021 and paying the associated tax then. They are seeking advice on how to rectify this for their GSTR 9 filing. The discussion explores whether the May 2021 figures can be reversed, if the tax paid can be offset, and the correct method for reporting this discrepancy in GSTR 9, with differing opinions on the best approach.

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CA
10436 Points Posted on 15 January 2022
The issue can be solved easily. We will discuss it, check your inbox
1 Reply
On 15 January 2022 at 14:14
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Chief Accountant
3150 Points Posted on 15 January 2022
No, need do all things like reversals ect.
You have already shown sale and paid tax correctly in next year.

Just File GSTR 9 Correctly.
2 Reply
On 15 January 2022 at 15:06
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CA
10436 Points Posted on 15 January 2022
Nodhi is not correct in this opinion. You can't show the sale that relates to FY 20-21 in next year 21-22 bcoz the option to correct it still exists.
1 Reply
On 15 January 2022 at 15:24
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Chief Accountant
3150 Points Posted on 15 January 2022
@ CA Aakarsh Jain
How ? Can u explain
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On 15 January 2022 at 15:29
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CA
10436 Points Posted on 15 January 2022
If the date of bills of FY 20-21 shown in May are correct then there is no need to fo anything and just GSTR 9 is required to file.
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On 15 January 2022 at 16:04
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Chartered Accountant
5010 Points Posted on 15 January 2022

Please rectify your May 2021 GSTR 1 in next month GSTR 1 using the amendment. 

In GSTR 9, report the sales under Table 9, supply related to FY 2020-21 reported in FY 2021-22

1 Reply
On 15 January 2022 at 16:39
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Chief Accountant
3150 Points Posted on 15 January 2022
Why are u not answering here instead of inbox
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On 15 January 2022 at 23:58
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account -GST
1560 Points Posted on 17 January 2022
Don't worry. in gstr9 u put column no 10 in sales figure
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On 17 January 2022 at 20:16

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