ITC RECONCILE BETWEEN RETURN 3B AND GSTR 1 FOR 17-18
Query (Issue) Started By: – nandankumar roy Dated:- 12-4-2018 Last Reply Date:- 16-4-2018 Goods and Services Tax – GST
Got 7 Replies
GST
DEAR SIR,
WHILE GONG THROUGH RECONCILE BETWEEN RETURN 3B AND GSTR 1 FOR 17-18 FOLLOWING ITC MISMATCH FOUND IN TOTAL TILL FEBRUARY ARE AS UNDER:
IN GSTR1 LESS COMPARE TO 3 B RETURN IN IGST RS -11930 AND IN CGST AND SGST RS -5459 EACH NOW PL HELP TO HOW TO ADJUST IN MARCH'18 RETURN. IF ANY DISCRIPANCY WILL CREATE PROBLEM AT THE TIME OF AUDIT AND FOR THAT PL PROVIDE WHAT TO DO IN MARCH RETURN AS WELL AS MARCH HSN SUMMARY EFFECT ALSO.
REGARDS,
N K ROY
9427181604
Reply By KASTURI SETHI:
The Reply:
(i) At present problem of audit is not
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
ictional GST Range Officer or grievances cell.. There is no other option.
These are my views.
Reply By Ganeshan Kalyani:
The Reply:
GSTR 3B of March 2018 can ve filed on or before 20th Apr 2018. GSTR 1 of March is also yet to filed. Thus you can match rectify the error in March month return. In GSTR1 you have shown less amount of taxes. Means you have missed to include sales invoice of the value mentioned in your query. Include that invoice in March month GSTR1. Before filing return check the impact in excel working and after ensuring that the correction will make figures correct. Thanks
Reply By Alkesh Jani:
The Reply:
Sir, In continuation to the views expressed by our experts, i Just wish to add that "Annual Return" is awai
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =
protect revenue and also unwarranted litigation.
At present the amendment can be done in subsequent month(s) or quarter(s). However, the amendment is for subsequent month or quarter. As we know that the quarterly filing of return GSTR-1 or GSTR-3B was not the intention of the Govt. Therefore, if any omission or rectification required, which were not done in the subsequent month or quarter, due to any reason, the Annual Return, where such reconciliation can be made and tax if any to be paid is required to be paid along with interest. As you might have noticed that Govt. intention was change the Accounting year from January to December. In this regards, Section 44 may please be referred. When the designed structure of GST has been distorted
= = = = = = = =
Plain text (Extract) only
For full text:-Visit the Source
= = = = = = = =