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WRONG OUTWARD SUPPLY IGST

MURALIDOSS (INCOME TAX PRACTITIONER) (1302 Points)

21 December 2019

In 3B outward supplies like this - 646000/- (WRONGLY ENTERED) igst - 58000 sgst- 29140 cgst -29140 total outward tax is =116280/-

in GSTR1 INTERSTATE (CORRECTLY ENTERED) - 15000/- SGST- 50640/- CGST -50640/- total outward tax is =116280/-

HOW TO RECTIFY THIS?

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16 Replies

SOWJANYA M (840 Points)
Replied 21 December 2019

U have to pay difference of cgst and sgst tax amount in next 3B with interest
and can claim igst regund

1 Like

MURALIDOSS (INCOME TAX PRACTITIONER) (1302 Points)
Replied 21 December 2019

Is the refund IGST Also comes with interest?

RAJA P M ("Do the Right Thing...!!!") (127076 Points)
Replied 21 December 2019

No... Interest not applicable in both condition.

1 Like

MURALIDOSS (INCOME TAX PRACTITIONER) (1302 Points)
Replied 21 December 2019

Raja Sir,

Next month I have to pay igst - 20000/- :: cgst 60000 sgst 60000/-

so, can i put 0 in igst and cgst 60000+20000 - sgst 60000+20000?

then still I need to adjust (43000- 20000) =23000. it can be adjust again in next month i.e 2nd month sir?

RAJA P M ("Do the Right Thing...!!!") (127076 Points)
Replied 21 December 2019

Yes... You can do it.

1 Like

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 22 December 2019

In term of Section 77 of CGST Act , No interest is applicable.

MURALIDOSS (INCOME TAX PRACTITIONER) (1302 Points)
Replied 23 December 2019

Pankaj Sir, and Raja sir, with your kind helps and answers too I am happily informed to you all , I was passed out GSTP exam. Thanks.

1 Like

RAJA P M ("Do the Right Thing...!!!") (127076 Points)
Replied 23 December 2019

Originally posted by : MURALIDOSS
	Pankaj Sir, and Raja sir, with your kind helps and answers too I am happily informed to you all , I was passed out GSTP exam. Thanks.

Well...

Congratulations Dear... Enjoy the Fruits with Your Hard-work...

1 Like

SOWJANYA M (840 Points)
Replied 23 December 2019

Congratulations sir.... @ muralidoss
happy GST travel....

1 Like

CMA M.Keerthi chandra (C.A FINAL STUDENT AND QUALIFIED C.M.A) (561 Points)
Replied 23 December 2019

Congrats @ Muralidoss.

In above question how the tax liability is discharged is not mention .i.e (cash or credit ledger utilization)

Refund is only possible where there is actual payment .If the tax liability is disposed off by utilizing the credit Ledger, refund is not entertained.(You may also go through the online refund application format).Hence in above question, if the 3b liability is discharged through making payment by cash ,only then the refund application is possible.

In this case you have to select 8th in the sequence of refund types mentioned there in.

CMA M.Keerthi chandra (C.A FINAL STUDENT AND QUALIFIED C.M.A) (561 Points)
Replied 23 December 2019

Congrats @ Muralidoss.

You did not mentioned how did you disposed off your tax liability in 3b. I mean either through utilizing credit or paying cash

Please note that refund is only allowable if you made payment.

regards

Pankaj Rawat (GST Practitioner) (55030 Points)
Replied 23 December 2019

dear muralidoss

congrats !!!!! , it all your hard work. enjoy & all the best for future

1 Like

MURALIDOSS (INCOME TAX PRACTITIONER) (1302 Points)
Replied 23 December 2019

'You did not mentioned how did you disposed off your tax liability in 3b. I mean either through utilizing credit or paying cash"

Yes I will make cash payment., and refund will adjust in future liability.

Thanks,

S ELAVARASI (ACCOUNTANT) (2975 Points)
Replied 24 December 2019

Congrats Mr Muralidoss...
it's Your hard works results...

Yes... Raja Sir and Pankaj Sir is supporting in many of the situation in forums. They helps is very very useful...