sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing | GST - Goods and Services Tax
Latest Expert Exchange
New Forms »
 Penalty on late filing of ITR and other tax changes effective from Apr 1
 How to view, download your Form 26AS and why it is important
 E-Way Bill Mandatory From 01.02.2018
 FORM GSTR-3B v/s FORM GSTR-1
 Form GSTR-3B of GST - Boon or Curse
  Extension of time limit for submitting the declaration in FORM GST TRAN-1 under rule 117 of the Central Goods and Services Tax Rules, 2017
 Form 64E is enabled in e-Filing to furnish the statement of income distributed by a securitisation trust
  Form DVAT 01 - Application For Opting For Composition Scheme by a dealer registered
 Requirement of item wise details in Forms Annexure - 2A, Annexure - 2B, DVAT- 30 and DVAT 31
 Amendment of ANF 3C Application for on line filing of Grant of Status Certificate
 Regarding Form CR-II.
 Filing of reconciliation return in Form 9 for the year 2014-15
  Form DVAT 01 - Application For Opting For Composition Scheme by a dealer registered
 Interest from Non-SLR securities of Banks

FORM GSTR-3B v/s FORM GSTR-1
January, 08th 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 of the month/quarter, then such taxpayers will have to file for amendments by filling Table 9 of the subsequent month’s / quarter’s FORM GSTR-1.

Refer Scenario - 4

Input tax credit was under reported

No Action

Refer Scenario - 5

Input tax credit was over reported

No Action

Refer Scenario - 6

Input Tax Credit of the wrong tax was taken

(Ex: Central Tax credit of as Integrated tax)

No Action

Refer Scenario - 7

Cash ledger wrongly updated

(Ex: Payment challan under the Central Tax head, while they wanted to deposit under the integrated tax)

No Action

Scenario-1:-  Liability was under reported

Company A has four units in Haryana, while filing their return for the month of July, they inadvertently, missed on details of a last minute order. The Company had filed their returns in order to not pay late fee and other penalties. What can they do?

In this case, they may report this additional liability in the return of next month and pay tax with interest.

Scenario-2:-  Liability was over reported

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.

Scenario-4:-  Input tax credit was under reported

Company D, while filing their FORM GSTR - 3B for the month of July, inadvertently, misreported Input tax credit of 1,00,00,000/- as 10,00,000/-. They had filed their return and paid 90,00,000/- in cash. What can they do?

Since, the return has already been filed, Company D may add such Input tax credit in their return for subsequent month(s).

Scenario-5:-  Input tax credit was over reported

While filing their FORM GSTR 3B for the months of July, 2017, Company E inadvertently, reported their eligible input tax credit, as 20,00,000/- instead of 10,00,000/-. Company E also utilized their additional input tax credit and filed their returns. What can they do?

Since, the company had utilized ineligible credit to offset such liabilities, the company will have to pay (through cash) / Reverse such over reported utilized input tax credit with interest.

Scenario-6:-  Input Tax Credit of the wrong tax was taken

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 5,00,000/- in their integrated tax head and file their returns. Further, they may seek refund of 5,00,000/- from their cash ledger.

Feedback/Suggestions are invited at www.gstcornor.com or support@gstcornor.com or whatsapp at 8989077616.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2018 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions