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Previous year invoices missed
I have shown the forgotten sale invoices of fy 18-19 in Gstr 1 of Sep 19 . My question is that should I add this forgotten amt of fy 18-19 to the sale of Sep 19 in Gstr 3b, if I add then sale of 19-20 will be mismatched .what to do?
Replies (5)
As per revenue recognition norms, revenue should be recognised as and when risks and rewards are transferred to the buyer. if accounts are already filed, this transaction qualifies as a prior period item. If this was detected before finalisation, then it should be accounted in FY19. The customer has to remit the GST dues if any with interest
Thanks sir
But in gstr3b of Sep 19 should I add this amount ?
I showed the forgotten invoices of fy 18-19 in Gstr 1 of Sep 19 , I mentioned the actual date of forgotten invoices i.e sale of fy 18-19
But in gstr3b of Sep 19 should I add this amount ?
I showed the forgotten invoices of fy 18-19 in Gstr 1 of Sep 19 , I mentioned the actual date of forgotten invoices i.e sale of fy 18-19
Have you shown it in 3B earlier and paid taxes on it? If yes, then you are not required to show it again.
No I haven't
Can I pay tax through DRC 03 through credit ledger
Can I pay tax through DRC 03 through credit ledger
Show it in GSTR 1 and 3B of Sept and file it so that even the other party can avail GST credit.
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