Goods and Services Tax

FORM GSTR-3B v/s FORM GSTR-1

Goods and Services Tax – GST – By: – GST Cornor – Dated:- 8-1-2018 – The common errors while submitting FORM GSTR-3B and the steps needed to be taken to rectify the same in FORM GSTR-1 are provided in the table annexed herewith. The corresponding column in the table provides the steps to be followed by taxpayer to rectify such error: Scenario GSTR-3B (Return Filed) Changes in FORM GSTR-1 Refer Scenario – 1 Liability was under reported If such liability was also not reported in FORM GSTR-1 of the month/quarter, then such liability may be declared in the subsequent month s/quarter s FORM GSTR-1 in which payment was made. Refer Scenario – 2 Liability was over reported Where the liability was also over reported in the month s / quarter s FORM GSTR-1, then such liability may be amended through amendments under Table 9 of FORM GSTR-1 Refer Scenario – 3 Liability was wrongly reported (Ex: inter-State supply as intra-State supply) Where such liability was also wrongly reported in FORM GSTR-1

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Company B had reported an inter-State sale but realized that the same sale was counted twice and hence was not to be reported or taxed. But the return form was already filed and no change could be done to reduce the liabilities. What can company B do? In this case, they may reduce this liability in the return of subsequent months or claim refund of the same. Scenario-3:- Liability was wrongly reported Company C was registered in the State of Haryana. While entering their outward supplies in FORM GSTR-3B, the company realized that they had inadvertently, shown inter-State supply as intra-State supply and submitted the return. The company paid their wrong liability and filed their return in order to avoid late fee and penalty? What can they do? Since, the return has already been filed, then the company will have to report the inter-State supply in their next month s liability and adjust their wrongly paid intra-State liability in the subsequent months returns or claim refund of the same.

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While filing their FORM GSTR 3B for the months of July, 2017, Company E inadvertently, reported their Central Tax credit of ₹ 20,00,000/- as Integrated tax credit. In order to avoid late fee and penalties, they paid ₹ 20,00,000/- Central Tax in cash and did not utilize their Integrated tax credit. What can they do? Since, the company has filed the returns and there is an unutilized Integrated tax credit of ₹ 20,00,000/- which was inadmissible to them, they will have to pay / reverse such credit in the return of subsequent month(s). Further, Central Tax credit of ₹ 20,00,000/- can be availed in return of subsequent month(s). Scenario-7:- Cash ledger wrongly updated While filing their FORM GSTR-3B return, Company F while generating payment challan added ₹ 5,00,000/- under the Central Tax head, while they wanted to deposit ₹ 5,00,000/- under the integrated tax head. What can they do? Since, they have already filed their challan, they will have to add &#

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