Hi everyone,
Pls clarify that my client has wrongly shown excess amount in the invoice and same has been filed GSTR 1 in Nov'20. The tax for excess payment also paid and filed 3B return.
Now my Client is asking to recover the excess payment made in 3B and file the correct invoice to the same client.
So pls suggest me that how to rectify this issue and in what way we can get back the tax payment and can be utilized in upcoming tax payments.
Wrong invoice filed in GSTR 1
Replies (17)
Quick Summary
Issue credit note wrt the differential amount
Ok but how to claim the excess tax payment as input in 3B return
Issue credit note to the customer for the excess amount charged. you can reduce the tax amount on the excess amount shown from tax liability while paying in the subsequent periods.
you have a chance till September period return of this year 2021.
Lets wait for other answers also.
instead of getting refund you can reduce your subsequent tax periods liability. finally benefit will be the same right??
Noted Thanks for your kind reply.
Agree with Sivaramaraju. Ensure that the customer also accounts the credit note and reverses ITC. Otherwise the department may raise a query.
Will communicate them and this will reflect in 2B also right? While availing input of excess tax payment shall we manually deduct from this month output tax liability in B?
Yes, the C/N entry will reflect in GSTR2A awa GSTR2B. The customer is required to manually reduce the ITC from GSTR3B.
Ok but how CN works in 3B returns ? from supplier point of View?
The Customer can reverse their input as per CN in 3B but for suppliers?
The Customer can reverse their input as per CN in 3B but for suppliers?
Issue credit note and reduce your liability in your next GST returns
Yes you can issue credit note to the supplier
I just got the details that the bill was correctly submitted to the client place without any changes and they have taken input based on invoice received.
But while filling the returns three invoices with excess amount filed in GSTR 1.
From customer side they keep saying that they have taken input asper the bill submitted and now our turn to rectify the changes.
So how we can rectify this issue. Sorry for earlier update since my client has given wrong updates on this issue.
But while filling the returns three invoices with excess amount filed in GSTR 1.
From customer side they keep saying that they have taken input asper the bill submitted and now our turn to rectify the changes.
So how we can rectify this issue. Sorry for earlier update since my client has given wrong updates on this issue.
If the customer has availed ITC as per the correct invoice, then no need for the customer to reverse ITC. Raise C/N for the difference in respect all the invoices and upload the same in the subsequent return which is due.
Thanks for the clarification.
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