Missed paying GST in GSTR-3B, declared in Quarterly GSTR-1 - how to pay?

Return 293 views 10 replies

SG

Consultant

29 Points Joined January 2019

Hi everyone,

I have a question regarding a missed GST payment. Sharing summary information below

While filing GSTR-3B in Feb 2020, I missed paying GST on an invoice
I only have professional fee income, so only Outward Supply section is applicable
I file quarterly GSTR-1. I declared the missed invoice while filing Jan-20 to Mar-20 GSTR-1
Online solutions to this mention that one can pay missed GST in subsequent month's GSTR-3B, so that annual aggregate for GSTR-3B and GSTR-1 reconcile
Since I have already filed all GSTR-3B and GSTR-1 for FY 2019-20, how should I pay now?
One option is to wait until annual return (is this Form DRC-03?) - however, interest will keep accumulating until then right?
Can I pay missed GST using a challan right now, and mention that while filing annual return?

Appreciate your help!

Thanks!

Replies (10)

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

You can show the missed value with interest in Your next GSTR 3B return

or

pay the value of amount through DRC-03 form and show the missed details in Annual return...

Sujit Kumar Das

75 Points Joined April 2017

1st option is better to me

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

Yes... 1st option is better than 2nd option.
So, only it's in first 😊

SG

Consultant

29 Points Joined January 2019

Thank you for your response!

However, the next GSTR 3B is not in the same financial year. So the total in GSTR-1 and GSTR 3-B of previous financial year will not match. Any solutions for this?

Yogendra

Construction & Engineering

56 Points Joined December 2013

Sir / Madam,

I have a similar query.

We are Works Contractors.

March 2020 (Quarterly GSTR-1 Return):

For the month of March 2020, there were some Outward Supplies.

My CA inadvertently filed GSTR-3B for March 2020 with amount of Credit Note shown as Outward Supply.

He missed the entire amount of Outward Sales / Tax for March 2020 in GSTR-3B return.

After detection of mistake, he has shown the Outward Supply (Outward Supply LESS Credit Note) for March 2020 in April 2020's GSTR-3B.

So basically, GST on Outward Supplies for March 2020 has been paid in April 2020 return.

Both GSTR-3B for March 2020 & April 2020 have already been filed within extended due dates.

My CA says that since the tax has been paid within due dates, no interest / penalty shall be applicable on missed tax for March 2020.

He has suggested to show the Outward Supplies for March 2020 in GSTR-1 for Q1 (Apr-Jun 2020) since GST Returns (3B & 1) for Q4 (Jan-Mar 2020) will not match.

For the months of Apr-Jun 2020, there were NO Outward Supplies due to Corona Lockdown.

STR-1 (Quarterly) returns for Q4 (Jan-Mar 2020) & Q1 (Apr-Jun 2020) are yet to be filed.

The Outward GST liability was approx. Rs. 3.28 Lakhs for the month of March 2020.

I am skeptical / doubtful about my CA's claim.

Would like to know further course of action as well as liability of Interest & Penalty, if any.

Yogendra

Construction & Engineering

56 Points Joined December 2013

Bumping thread for replies please.

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

Originally posted by : Yogendra
	Bumping thread for replies please.

Hello Mr Yogendra (Construction & Engineering)

Why not You ask the query separate forum...?

Better to ask separately. Don't be cross others query. right...?

Yogendra

Construction & Engineering

56 Points Joined December 2013

Thanks for the suggestion.

However, I was just following forum rules. I posted my query in this thread having similar issue instead of creating a new thread & cluttering the forum.

However, will keep your suggestion in mind & will always post a new thread instead of posting my queries in threads with similar queries.