Purchase bill march 2020

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629 Points Posted on 26 September 2020
Dear Sir

We have filed the 3B return March 2020. but one purchase bill pending with us. I have book purchase bill in March month but now books balance and GST portal balance not matching due to pending purchase bill. please suggest how to match books balance and portal balance if any others entry please advise
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On 26 September 2020 at 10:50 Report
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Quick Summary
This discussion addresses a common issue where a pending purchase bill for March 2020 causes a mismatch between book balances and the GST portal. The advice provided suggests that if the Input Tax Credit (ITC) for this bill wasn't claimed in March, it can be claimed in the current GSTR 3B (September or earlier). It's also recommended to reconcile this by noting the bill was considered in the 2020-21 financial year.

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Service
255 Points Posted on 26 September 2020
You can correct in Annual Return
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On 26 September 2020 at 15:20
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Tax and Business Consultant
11616 Points Posted on 27 September 2020

If you have not taken ITC of March 2020 Purchase bill than you can take ITC of same in current GSTR 3B on or before 20th October, 2020
(in September month or earlier month's GSTR 3B).

And keep Reconciliation that, pending bill is considered in F.Y 2020-21 in respective month.

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On 27 September 2020 at 13:06

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