Previous year invoices missed


mukund (manager)     18 October 2019

mukund
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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?

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Hariharan L (Audit Assistant)     18 October 2019

Hariharan L
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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

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mukund (manager)     18 October 2019

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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

Srishti (Employed in CA Firm)     18 October 2019

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Have you shown it in 3B earlier and paid taxes on it? If yes, then you are not required to show it again.

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mukund (manager)     19 October 2019

mukund
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No I haven't
Can I pay tax through DRC 03 through credit ledger

Srishti (Employed in CA Firm)     19 October 2019

Srishti
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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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