23 October 2018
What if Gstr 3B & Gstr 1 submitted wrongly by over declaration of gross turnover. for example while submitting 3b return he has to file 20,000/- as gross turnover but he filed his return as 2,00,000/- in 3B as well as Gstr1 return. Then how to correct this return and avail input credit in next month.
23 October 2018
In GSTR-3B of subsequent months, you can reduce the turnover to that extent and disclose the balance amount. There could be a scenario where the subsequent month's turnover is less than the amount excess disclosed earlier, in that case, you can show zero in your subsequent month return and adjust the balance in the next returns.
In GSTR-1, while filing the subsequent month's GSTR-1, the invoice can be amended in amendment B2B table and the correct values of the earlier invoice can be given. If this was B2C, then the same can also be amended in table 11 of GSTR-1.
27 July 2024
If GSTR-3B and GSTR-1 for a previous month (e.g., July) were filed with an over-declaration of turnover, here’s how to correct it and adjust for the next month:
### **1. Correction in GSTR-1 and GSTR-3B**
#### **Step-by-Step Correction Process:**
**1. Correcting GSTR-1 for July:**
- **Amendment of Previous Month’s Data:** - To correct the over-declared turnover in GSTR-1 for July, you can use the **“Amendment”** option available in GSTR-1. - **Column 11A (B2B Sales)** and **Column 11B (B2C Sales)** in GSTR-1 should be updated. For the July month’s mistake: - **Reduce the sales** amount in the B2C column if the turnover was over-reported.
**2. Correcting GSTR-3B for July:**
- **For July’s Over-declared Sales:** - You can correct this in the GSTR-3B for August by adjusting the **“Outward Supplies”** values. - **Columns to adjust:** - **Column 3.1 (a)**: Report the correct value of outward supplies (excluding GST) for August. - **Column 5.1 (a)**, **5.1 (b)**, **5.1 (c)**: Ensure that the correct GST amounts are reported based on actual turnover.
**3. Availing Input Credit:**
- **In GSTR-3B for August:** - Input tax credit should be claimed for the eligible invoices as per the books of accounts for August. - Ensure that the discrepancy from July does not impact the current month's credit. The credit for August should be claimed based on the actual invoices received.
### **Correction Example:**
**For GSTR-1 Correction:**
- If you reported ₹2,00,000 in July GSTR-1 but should have reported ₹20,000: - In the August GSTR-1, amend the July figures by reducing the excess amount. - Ensure that the total turnover reported matches the actual turnover of the previous month.
**For GSTR-3B Correction:**
- **July GSTR-3B:** - Ideally, correct the July figures in the August GSTR-3B by reflecting the accurate turnover. - Ensure to adjust for the previous month’s excess turnover to avoid discrepancies.
### **Filing the Next Month’s Returns:**
**For August Returns:**
- **GSTR-1:** - Reflect the corrected turnover in GSTR-1, ensuring that July’s corrected figures are accurately reported.
- **GSTR-3B:** - Report the actual turnover and input tax credits for August. - Adjust for any discrepancies from July by reflecting the corrected figures.
### **Reference and Considerations:**
- **GST Portal:** Always verify the details on the GST portal and refer to the latest notifications or guidelines for any specific procedures. - **Consult a Tax Professional:** If there's any confusion or if the correction involves significant discrepancies, it’s advisable to consult a tax professional to ensure compliance and accurate filing.
By following these steps, you will be able to correct the previous month’s errors and ensure that the current month’s GST returns are accurate.
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