The assessee beneath the regular category used to furnish the GSTR-1 and GSTR-3B to report the transactions. GSTR-1 uses to report the information of the outward supplies which consists of revisions if any and the GSTR 3B is towards reporting the summary transactions for the payment of the taxes and ITC claim.
Inside the tax period April 2020 to March 2021, the transactions which consist of the tax period might be revised during furnishing the returns for Sept 2021 the last date for furnishing the GSTR-3B for Sept 2021 is 20th / 22nd/24th October 2021). After September 21 returns there is no other claim of missing the input tax credit which is available to get furnished. You might lose the correct claim of any subjected ITC that seems in your books of accounts and not claimed till furnishing of September 2021 GSTR 3B return.
On or prior to furnishing the returns for September 2021 the Action is to get opted
- “Reconcile ITC resembling in GSTR 2A/2B with Inward Register”
- “Claim to miss ITC not appearing in Purchase Register”
- Follow up through the suppliers who have not reported the invoice information for the sales build to you.
- Finding a way if the invoices get raised to the clients are reported in B2B (customers with GSTIN) or in B2C (URD customers).
- Finding the way if the turnover reported matches with the books of accounts and GSTR1/3B
- The problem is any due credit notes pertaining to the taxable outward supplies
We have seen numerous cases in which the assessee might have erred in filing the information in returns for the year 2020-21 and the way to improve that inside GSTR 1 or GSTR 3B of September 2021 Returns which is quicker to approach.
| Issue Type | GST Return Type | Needful Actions to be taken in Returns | Reference of Table in Returns |
|---|---|---|---|
| Missed confessing the taxable outward supply transaction GST returns pertaining to any of the tax period Apr 2020-Mar 2021 | GSTR 1 | Mention the domestic taxable outward supply transaction in GST return form 1 to be furnished for Sept 2021. | 4A, 4B, 4C, 6B, 6C – B2B 5A, 5B – B2CL 7 – B2CS |
| GSTR 3B Form | Add the taxable turnover and tax liability in GST return 3B to get furnished for Sept 2021 with interest | 3.1 (a) – Outward Taxable Supplies (Other than Zero Rated, NIL and Exempted) | |
| Missed to disclose expert outward supply transaction in GST returns pertaining to the tax period Apr 2020 Mar 2021. Missed updating shipping bill and port code details for export transactions disclosed in the GST Returns in the period April 19-March 2020 | GST Return 1 form | Mention the export outward supply transaction in GSTR-1 form to furnished for Sept 2021 revise the export transaction including shipping bill details and port code. | 6A – Exports 9A – B2B, B2CL and Exports Amendment |
| GSTR-3B | Sum up the turnover for the tax and tax liability in GST Return 3B form to be furnished for Sept 2021 along with interest. | 3.1 (b) – Outward Taxable Supplies (Zero Rated) | |
| Missed to mention debit note or credit note transactions in GST returns existing to any of the tax period Apr 2020 Mar 2021 | GSTR 1 | Unveil the CN/DN transaction in GSTR-1 to be furnished for Sept 2021 | 9B – CNDN (B2B, B2CL & Exports) |
| GSTR-3B | Adjust CNDN taxable value and tax liability in form GSTR-3B to be filed for Sept 2021 | 3.1 (a) & 3.1 (b) | |
| Missed to disclose the advance tax liability for the supply of the goods in GST returns existing to any of the tax period Apr 2020-Mar 2021 | GSTR 1 | Disclose the advance tax liability in GSTR-1 to be furnished for Sept 2021 | 11A (1) – Advance Tax Liability |
| GSTR-3B | Sum the advance value and tax liability in form GSTR-3B | 3.1 (a) & 3.1 (b) | |
| Missed adjusting the advance tax liability in GST returns existing to any of the tax period Apr 2020-Mar 2021 | GSTR 1 | Manage the tax liability in form GSTR-1 to get furnished for Sept 2021 | Advances |
| GSTR 3B | Adjust the advance value and tax liability in GSTR-3B to get furnished for Sept 2021. | 3.1 (a) & 3.1 (b) | |
| Wrongly mentioned the tax liability in GST returns existing to any of the tax periods Apr 2020-Mar 2021 | GSTR-1 | Handle the advance tax liability in GSTR-1 form for filing Sept 2021; | 11A – Advance Tax Liability |
| Wrongly manage the advance tax liability in GST returns existing to the tax period Apr 2020- Mar 2021 | GSTR-1 | Correct the advance tax liability handling in GSTR-1 to get furnished for Sept 2021 | 11B – Advance Tax Liability |
| File the wrong Tax Invoice / CNDN No., Tax Invoice / CNDN Date, POS, Customer GSTIN, Tax Amount, Tax Rate, Taxable Value & Invoice Value in GST Returns pertaining to the outward supply transaction for the period Apr 2020-Mar 2021 | GSTR 1 | Revise the tax invoice or CNDN document with real information as stated on the Tax Invoice in GSTR-1 form to be furnished for Sept 2021 | 9A – B2B, B2CL & Exports Amendment 9C – CNDN Amendment 10 – B2CS Amendment |
| GSTR-3B | Mange the taxable turnover and tax liability for the correction in GSTR-3B gets furnished for Sept 2021 | 3.1 (a) & 3.1 (b) | |
| Forget or wrongly unveil outward nil rated, exempt & non-GST supply in GST Returns existing to any of the tax period Apr 2020-Mar 2021 | GSTR-1 | Sum or revise the outward nil rated, exempt and zero non-GST supply figures in form GSTR-1 to be furnished for Sept 2021 | 8A, 8B, 8C & 8D – Nil Rated, Exempt & Non-GST Supply |
| GSTR-3B | Sum or revise the outward nil rated, exempt & non-GST supply figures in form GSTR-3B to be furnished for Sept 2021 | 3.1 (c) & 3.1 (e) | |
| Forget or wrongly disclosed inward nil rated, exempt; non-GST supply in GST Returns pertaining to any of the tax period Apr 2020-Mar 2021 | GSTR-3B | Sum or revise the zero-rated, concession, and non-GST supply numbers in form GSTR-3B to get furnished for Sept 2021 | 5 – Inward Nil Rated, Exempt; Non-GST Supply |
| Forget or wrongly disclosed RCM taxable value and tax liability in GST returns existing to the tax period Apr 2020-Mar 2021 | GSTR-3B | Sum or revise the RCM taxable value and tax liability numbers in form GSTR-3B to get furnished for Sept 2021 | 3.1 (d) |
| Forget to claim the ITC subjected in GST returns existing to the tax period of Apr 2020 to Mar 2021 | GSTR-3B | Claim the ITC in form GSTR-3B to get furnished for Sept 2021; | 4A – ITC Available (B2B, RCM, Import) |
| Claimed excess ITC in GST returns existing to the tax April 2020 Mar 2021 | GSTR-3B | Manage the excess claim ITC in GSTR-3B to be furnished for Sept 2021 | 4A – ITC Available (B2B, RCM, Import) |
| Forget to reverse ITC for the non-payment to suppliers in 180 days from the invoice date within the period Apr 2020-Mar 2021 | GSTR-3B | Reverse proportionate ITC for the non-payment to the suppliers out of 180 days from the invoice date in form GSTR-3B to get furnished for Sept 2021 | 4B (2) – Other Reversal |
| Forget to reverse input tax credit for half exempt or non -GST and half taxable supplies in GST returns in the Apr 2020- March 2021; | GSTR-3B | Reverse proportionate ITC according to the computation u/r 42; 43 of CGST Rules 2017 in GSTR-3B to be furnished towards Sept 2021; | 4B (1) – Reversal as per Rule 42; 43 |
| Forget to unveil ITC which is not liable in GST returns from Apr 2020 to Mar 2021; | GSTR-3B | The ITC which is not liable is unveiled in form GSTR-3B to get furnished in Sept 2021; | 4D – In-eligible ITC |
| Forget to discharge interest liability for late tax payment or reversal of ITC availed in excess of GST returns in Apr 2020-Mar 2021 time | GSTR-3B | Unveil the interest liability in GSTR-3B to be filed for Sept 2021 | 5.1 – Interest; Late Fees |
| More than a reversal of ITC for GST Returns during April 2020-March 2021 | GSTR-3B | Claim wrong reverse GST ITC in form GSTR-3B to get furnished in Sept 2021 | 4A – ITC Available (B2B, RCM, Import |
