Gst Amendmend
This query is : Resolved
11 July 2024
hello sir
ek client ka gst r1 main may month main sale 5cr dikhaya tha loan regarding
but uska achual sales 2cr tha
uska nature of bussines milk sales hain exempt sale hain
to uska amendment kaise kare next month main table no gstr1 ..?
amndmend b2c main chalega kya
ek client ka gst r1 main may month main sale 5cr dikhaya tha loan regarding
but uska achual sales 2cr tha
uska nature of bussines milk sales hain exempt sale hain
to uska amendment kaise kare next month main table no gstr1 ..?
amndmend b2c main chalega kya
26 July 2024
To correct an error in GST returns, particularly when the actual sales differ from what was reported, you need to follow specific procedures for making amendments. Here’s how you can handle this situation:
### **1. Correction of GST Returns:**
#### **A. For the Month of May (Original Filing):**
1. **GSTR-1**: The original GSTR-1 return for May reported sales of ₹5 crores, but the actual sales were ₹2 crores. Given that the sales are exempt (milk sales), you need to adjust the excess amount reported.
2. **GSTR-1 Amendments**:
- **Amendment in GSTR-1 for Subsequent Months**: To correct this, you should make an amendment in the GSTR-1 for the month when you are making the correction.
- **Table 9**: In the GSTR-1 return, you need to use **Table 9** (Amendment of B2B and B2C supplies). Specifically, you would amend the details in the B2C (Business to Consumer) or B2B (Business to Business) tables if they were incorrectly reported.
#### **B. Filing the Corrected Details:**
1. **Table 9 of GSTR-1**:
- **Table 9** in the GSTR-1 form is used for making amendments to the previously filed GSTR-1. Here you can correct the figures that were originally reported.
- **B2C Table**: Since the sales were incorrectly reported as ₹5 crores and are exempt, you should adjust this in the B2C table, reflecting the correct amount of ₹2 crores and showing the excess amount as reduced.
2. **Update the GST Portal**:
- Go to the GST portal, navigate to the GSTR-1 for the month you are amending, and make the necessary changes in Table 9.
- Ensure that the corrected figures are accurate and properly reflect the actual sales.
3. **GSTR-1 Filing**:
- File the updated GSTR-1 for the relevant month where the correction was made. Make sure to follow the timelines as per the GST rules to avoid any late fees or penalties.
#### **C. Additional Steps:**
1. **GSTR-3B**:
- If the excess sale figure also affected your GSTR-3B return for that month, ensure you amend the GSTR-3B return if necessary. Correct the taxable value and any applicable input tax credits.
2. **Documentation**:
- Maintain proper documentation of the correction and the reason for the amendment. This will help in case of any future audits or clarifications required by the tax authorities.
3. **Consultation**:
- If the correction involves complex adjustments or if you need clarification on the exact process, consider consulting with a GST professional or tax consultant.
### **Summary**
To correct the erroneously reported sales figures:
- Amend your GSTR-1 for the month where the mistake occurred.
- Use **Table 9** of GSTR-1 to correct the figures.
- Ensure accurate reflection of exempt sales and make necessary adjustments.
- File the corrected return and update GSTR-3B if applicable.
Following these steps will help ensure that your GST records are accurate and compliant with GST regulations.
### **1. Correction of GST Returns:**
#### **A. For the Month of May (Original Filing):**
1. **GSTR-1**: The original GSTR-1 return for May reported sales of ₹5 crores, but the actual sales were ₹2 crores. Given that the sales are exempt (milk sales), you need to adjust the excess amount reported.
2. **GSTR-1 Amendments**:
- **Amendment in GSTR-1 for Subsequent Months**: To correct this, you should make an amendment in the GSTR-1 for the month when you are making the correction.
- **Table 9**: In the GSTR-1 return, you need to use **Table 9** (Amendment of B2B and B2C supplies). Specifically, you would amend the details in the B2C (Business to Consumer) or B2B (Business to Business) tables if they were incorrectly reported.
#### **B. Filing the Corrected Details:**
1. **Table 9 of GSTR-1**:
- **Table 9** in the GSTR-1 form is used for making amendments to the previously filed GSTR-1. Here you can correct the figures that were originally reported.
- **B2C Table**: Since the sales were incorrectly reported as ₹5 crores and are exempt, you should adjust this in the B2C table, reflecting the correct amount of ₹2 crores and showing the excess amount as reduced.
2. **Update the GST Portal**:
- Go to the GST portal, navigate to the GSTR-1 for the month you are amending, and make the necessary changes in Table 9.
- Ensure that the corrected figures are accurate and properly reflect the actual sales.
3. **GSTR-1 Filing**:
- File the updated GSTR-1 for the relevant month where the correction was made. Make sure to follow the timelines as per the GST rules to avoid any late fees or penalties.
#### **C. Additional Steps:**
1. **GSTR-3B**:
- If the excess sale figure also affected your GSTR-3B return for that month, ensure you amend the GSTR-3B return if necessary. Correct the taxable value and any applicable input tax credits.
2. **Documentation**:
- Maintain proper documentation of the correction and the reason for the amendment. This will help in case of any future audits or clarifications required by the tax authorities.
3. **Consultation**:
- If the correction involves complex adjustments or if you need clarification on the exact process, consider consulting with a GST professional or tax consultant.
### **Summary**
To correct the erroneously reported sales figures:
- Amend your GSTR-1 for the month where the mistake occurred.
- Use **Table 9** of GSTR-1 to correct the figures.
- Ensure accurate reflection of exempt sales and make necessary adjustments.
- File the corrected return and update GSTR-3B if applicable.
Following these steps will help ensure that your GST records are accurate and compliant with GST regulations.
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