Hello,
I want to know the solution for the month of Sep -17 GST Returns, I have entered short sale amount (Instead of Rs. 4,50,000/- I entered Rs. 1,00,000/-) in that case how can i rectify sales figures in GSTR 3B & GSTR 1
Ajinkya (Accountant) (126 Points)
09 May 2018Hello,
I want to know the solution for the month of Sep -17 GST Returns, I have entered short sale amount (Instead of Rs. 4,50,000/- I entered Rs. 1,00,000/-) in that case how can i rectify sales figures in GSTR 3B & GSTR 1
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 09 May 2018
Rectify it in your next GSTR-3B and GSTR-1.
Ajinkya
(Accountant)
(126 Points)
Replied 09 May 2018
Thanx sir, But this sale amount is pertainning to the FY 17-18 & Next GST return in FY 18-19, then is it possible?
Ajinkya
(Accountant)
(126 Points)
Replied 09 May 2018
Ok, Then which Amount Should i Enter in the GSTR 3b of April 18 Rs. 3,50,000/- (Difference of Rs. 4,50,000/- & Rs. 1,00,000/-)?
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 09 May 2018
Yes in 3B 350000, you will have to discharge tax along with interest also. In GSTR-1 you will go to amendment of invoice option and amend the invoice, instead to 100000 you will write 450000.
Ajinkya
(Accountant)
(126 Points)
Replied 09 May 2018
Ok thank u sir for your Valuable Advice, My query solved
Ajinkya
(Accountant)
(126 Points)
Replied 09 May 2018
Shivam Sir,
In my Books of account sales entry for balancing amount will be done in current month right or wrong
CA Shivam Arora
(Chartered Accountant)
(2414 Points)
Replied 09 May 2018
If it is possible to pass back dated entry then you will pass such entry in Sep 2017 or else in May 2018.
Note- Reconciliation statement is a must for these type of transaction, for enabling audits and also for control purpose.
CAclubindia
