Go AD-Free with CAclubindia Pro and Daily WhatsApp Updates. Subscribe Now!

More outward supply declared in 2020-21

Return 139 views 6 replies

Sanjeev Sharma

9 Points Joined November 2020

Sir

I have declared

(I) More outward supply in GSTR1 & 3B and tax paid in 2020-21

(ii) One bill was shown in 2020-21 and tax paid but was cancelled in August2021

Please advice where to show these GSTR9 for 2020-21 and where to show in 2021-22 in GSTR-1

REGARDS

SANJEEV SHARMA

Replies (6)

prasad Nilugal

3924 Points Joined December 2017

What is the reason for cancellation of bill ?.

Sanjeev Sharma

9 Points Joined November 2020

Sir

This was wrongly calculated and cancelled immediately but Our Part time Accountant declared it in GSTR1 and paid tax on it.

prasad Nilugal

3924 Points Joined December 2017

Ok, then you have to prepare Credit Note against that Invoice and show in GSTR1 , but before September 2021 as per section 34 of the CGST act 2017.

Sanjeev Sharma

9 Points Joined November 2020

(I)Is there No treatment of this sale return in gstr9

(ii) what about outward supply declared more in GSTR1 and 3b in 2020-21

Dipesh

Executive

1021 Points Joined December 2013

You have wrongly declared excess outward supply in GSTR 1 and paid liability through 3B, Now you noticed that then you can issue a credit note & report in GSTR1 and adjust liability in 3B.
While filing 9, through adjustment you can report your correct sale of FY. 20-21.

prasad Nilugal

3924 Points Joined December 2017

1)You have to issue credit note and report in GSTR1
2) you have adjust same credit note amount in GSTR3B .
3) You have report in table 12 of GSTR9 , this. you please confirm with others also .
You have to file Credit note before September 2021.