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RCM Taxable Value Wrongly Shown in March 25 GSTR -3B

Libissa (Accountant) (330 Points)

15 May 2025

I have shown Taxable Value Wrongly IN RCM Inward Liable to reverse charges column in GSTR -3B March 2025 I want to shown 5900000 but i have shown as 59000000 additional 0 added while filing shall i correct in Annaul return or what to to

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Rama chary Rachakonda (Master in Accounts & high court Advocate email ID:ramachary64@gmail.com voice no:9989324294) (7743 Points)
Replied 15 May 2025

If you've incorrectly reported the taxable value in GSTR-3B for March 2025, you should correct it as soon as possible.

Here's what you can do: Options to Correct the Error - *Rectification in Next GSTR-3B*: You can correct the error in the next GSTR-3B return, which would be for April 2025.

Ensure you report the correct taxable value and pay any additional tax or interest due. -

*Annual Return Correction*: If you've already filed the annual return (GSTR-9/GSTR-9C), you might need to file a revised return.

However, the process for revising annual returns can be complex, and it's essential to consult with a tax professional. -

*Consult a Tax Professional*: Given the complexity of GST regulations, it's advisable to consult a tax professional who can guide you on the best course of action. They can help you determine whether to correct the error in the next GSTR-3B or if other steps are required.

Additional Considerations

*GST Portal Functionality*: The GST portal might have specific functionality for correcting errors or reporting changes. Consult with a tax professional or check the GST portal for guidance on how to proceed.

By taking prompt action to correct the error, you can minimize any potential consequences and ensure compliance with GST regulations.

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CA Shyam Agarwal (Chartered Accountant) (26 Points)
Replied 15 May 2025

Since, you have wrongly entered RCM taxable value in GSTR 3B, whereas tax amounts are correct. Then you can correct the taxable value in GSTR 9 and not in next months gstr 3b.

In GSTR 9, enter in Pt II, Sr. no 4G. This is make your error rectified. Incase you receive any notice in future, you can explain it as typographical error.

Hope this solves your Mistake