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Mistake in Taxable value GSTR 3B & GSTR 1

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Ali Ahmed Khan

CA Student

245 Points Posted on 06 January 2021

Dear,

I am filing monthly GSTR 1........I have filed GSTR 3B of Sept 2020 shwing Taxable value Rs 38,25,870/- in place of 38,258/- , also GSTR1 filed with correct figures..

Kindly help me to know how to rectify the taxable value over stated in GSTR 3b

TO BE NOTED OUTPUT LIABILITY WAS FILED WITH CORRECT FIGURE & ONLY TAXABLE VALUE OVER RATED MISTAKENLY & THAT IS ONLY IN GSTR 3B

Replies (3)

Quick Summary

A user mistakenly reported a significantly higher taxable value in their September 2020 GSTR 3B compared to their GSTR 1. While the GSTR 1 was filed correctly, the GSTR 3B requires correction. Advice suggests adjusting the difference in subsequent GSTR 3B filings, which will also impact the Input Tax Credit (ITC) claim. Alternatively, this error can be rectified in the annual return.

CA. Sourav Sarkar

Chartered Accountant

24588 Points Posted on 06 January 2021

You have adjust such huge amount in subsequent months in gstr 3b since for such error itc claim should also be adjusted, you have to deduct such amount of difference in next month