If All monthly GST Return wrongly filed NIL Return. But in actual there was data for sale and purchases and INPUT also show in 2A/2B. So please tell me what are corrective steps for correction of Financial year 2020-21 data.
CA KARAMVEER SINGH (1 Points)
13 May 2021If All monthly GST Return wrongly filed NIL Return. But in actual there was data for sale and purchases and INPUT also show in 2A/2B. So please tell me what are corrective steps for correction of Financial year 2020-21 data.
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 13 May 2021
RENU SHARMA
(1388 Points)
Replied 13 May 2021
CMA Poornima Madhava
(CMA)
(13097 Points)
Replied 13 May 2021
Amendments or missing invoices for FY20-21 can be filed up to the due date for filing Sep 2021 return or annual return whichever is earlier.
So right now you have an option to add missing transactions and pay liability (if any) with interest. If you wait till filing of annual return, you will have to pay additional interest.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"
CAclubindia
