More outward supply declared in 2020-21

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9 Points Posted on 17 August 2021

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

 

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On 17 August 2021 at 10:26 Report
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3924 Points Posted on 17 August 2021
What is the reason for cancellation of bill ?.
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On 17 August 2021 at 10:58
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9 Points Posted on 17 August 2021

Sir

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

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On 17 August 2021 at 11:00
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3924 Points Posted on 17 August 2021
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.
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On 17 August 2021 at 11:15
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9 Points Posted on 17 August 2021

(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

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On 17 August 2021 at 11:33
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Executive
1021 Points Posted on 18 August 2021
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.
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On 18 August 2021 at 11:57
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3924 Points Posted on 19 August 2021
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.
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On 19 August 2021 at 17:19

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