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Query Regarding Extra Sales (Export of Services) recorded in GSTR 1 and 3B due to Exchange rate Diff

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Vishal Chopra

5 Points Posted on 19 December 2023

Hi,

I have recorded Sales by a different Exchange rate but the company has deducted TCS and TDS on a different rate this is for past months of which GSTR 1 and 3B has been filed I want to reconcile my sales with that of the company to whom I am providing services. difference is around 5L in total (Spread from April to November 2023), I have the correct monthly Sales amount too, Can I rectify my past GSTR 1 and 3B Export details for the same.. your help would be greatly appreciated

Thank you.

Replies (4)

Quick Summary

This discussion addresses a common issue where export sales recorded in GSTR 1 and 3B differ from actual client-provided figures due to exchange rate fluctuations. The user is seeking guidance on how to rectify past filings (April-November 2023) where TCS and TDS were deducted on a different rate than sales were recorded. Advice suggests adjustments can be made in the next return (December 2023) for the current financial year, or specific GSTR 9 adjustments for previous financial years, including raising differential invoices in accounting software like Tally or SAP.

RAJA P M

"Do the Right Thing...!!!"

128157 Points Posted on 19 December 2023

I can't understand Your query...

Can You explain...

Vishal Chopra

5 Points Posted on 20 December 2023

Export as per tally and GSTR 1/3B is Different than the actual sheet converted by the client/the website due to currencey difference. how to correct it on tally and GST portal.

AJIT JAISWAL & ASSOCIATES

TAX CONSULTANT

173 Points Posted on 22 December 2023

As per my opinion you have to adjusted in next return of dec 2023 if this related toFy2023-24 if this for Fy 2022-23 then you have to adjusted before specified date i.e.nov 23 otherwise you can not change in Gstr1 and 3b .if you have given effect in April 23 to Oct 23..for fy 2022-23 differences.. if your difference is positive means sales increase then give effects in Gstr9 column no 4 and second effects column no 10 and paid tax add in column no 14 and paid through DRC 03 different tax amount..