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RECTIFICATION IN GSTR1

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Krishanu Chowdhury

154 Points Joined April 2017

SIR

I FILLED GSTR1(B-C) INSTEAD OF GSTR1(B-B) BY MISTAKE FOR THE MONTH OF FEBRUARY'24, NOW, FOR THE NEXT MONTH i.e MARCH,CAN I CANCEL THOSE B-C INVOICES WHICH I FILLED BY MISTAKE THROUGH CREDIT NOTE?

Attached File : 1820443 20240327161529 new microsoft office word document 12 .pdf downloaded: 21 times

Replies (3)

Bindu

CA Final Student

112 Points Joined May 2010

Yes...you can pass a credit note if the initial entry was made under B2CL. If entered under B2C, you can show the figures in negative in GSTR 1.

Krishanu Chowdhury

154 Points Joined April 2017

IS IT NECESSARY TO PASS CREDIT NOTE ENTRY FOR CORRECTION OF ENTRY MADE IN B-C IN GSTR1 OF PREVIOUS MONTH?

@ Krishanu Chowdhury, In case an invoice has been raised to the customer properly, but incorrectly disclosed in Form GSTR-01:
Amend the B2Cs while filing March month return; and
Disclose the proper invoice in B2B of March month return.

Note: amendment can be done only once, so while amending the B2Cs please be cautious...👍