FY 2019-20 Last Quarter (2020 January to 2020 March) actual turnover as per GSTR 3B is 3785482.38 but entered in GSTR1 entered ₹ 1740284.70 shortage of ₹2045197.68 How can rectify this error.
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Quick Summary
This discussion addresses a significant discrepancy between GSTR-3B and GSTR-1 turnover figures for the last quarter of FY 2019-20. The user needs to rectify an underreported amount of ₹20,45,197.68 in their GSTR-1. Advice suggests that if tax was paid correctly via GSTR-3B, the error can be rectified in the annual return or by reporting the difference in the next quarter's GSTR-1, particularly if bill-wise details are available.
Need to incorporate that figure in q1 for FY 2020-21 (april 2020 to June2020) GSTR1... make a reconciliation in this regard and keep a copy of the same to be submit at time of Assessment.
Hi Sir, if you are properly paid the tax amount while filing GSTR 3B, then it will not be a major issue... You can rectify it in Annual return... Otherwise you can show it in next Quarter GSTR 1..