Treatment of Input of prev year in current FY

How do I treat an input dated march 2022 reflected in April's 2B. The input is already claimed by party while filling Q1. How to resolve the issue. Any adjustment journal entry possible? 

PS: no provision is present in PY Balance Sheet (like input receible or smthng)

Replies (1)

If an input dated March 2022 is reflected in April's GSTR-2B and has already been claimed by the party while filing the quarterly return for Q1, it indicates a potential discrepancy. In such a case, you should review the situation and take the following steps to resolve the issue:

  1. Verify the accuracy: Double-check the dates and details of the input transaction to ensure that it pertains to the correct period. Confirm whether it was correctly claimed by the party in the previous quarter.

  2. Communicate with the party: Reach out to the party who claimed the input and inform them about the discrepancy. Discuss the situation and try to reach a mutual agreement on the corrective measures.

  3. Rectify the error: If it is determined that the input was incorrectly claimed by the party, they should voluntarily reverse the claim and make the necessary adjustments in their subsequent returns to rectify the error.

  4. Maintain proper documentation: Document all the communication and actions taken to resolve the issue, including any agreements or adjustments made between the parties.

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