12 December 2022
MR. A REPORTED TOTAL B2B SALE OF RS. 150 IN GSTR -1, WHICH INCLUDES RS. 50 OF SALE OF FIXED ASSETS - WHILE FILLING GSTR - 9 B2B SALE IS RS. 150 BUT ACTUAL IS OF AMOUNTING RS. 100
IN THIS CASE WHERE TO SHOW DIFFRENCE OF RS. 50 (150-100)
09 July 2024
In the scenario you've described, where there is a discrepancy between the B2B sales reported in GSTR-1 and the actual B2B sales amounting to Rs. 100, you should address the difference of Rs. 50 (150 - 100) as follows:
1. **GSTR-1 vs. Actual Sales**: - GSTR-1 reported B2B sales as Rs. 150, which includes Rs. 50 from the sale of fixed assets. - Actual B2B sales, excluding the sale of fixed assets, amount to Rs. 100.
2. **Where to Adjust the Difference**: - **GSTR-9**: When filing GSTR-9, which is the annual return summarizing the GST returns filed during the financial year, you need to ensure that the figures reported are correct and reconcile with actual data. - **Adjustment**: The difference of Rs. 50 (150 - 100) should be adjusted or accounted for in Table 4 (Details of advances, inward and outward supplies) of GSTR-9 under B2B sales.
3. **Correct Reporting**: - In GSTR-9, report the actual B2B sales figure of Rs. 100. - Ensure that the discrepancy of Rs. 50 is explained and accounted for correctly to reconcile the figures.
4. **Documentation and Reconciliation**: - Maintain documentation that supports the actual sales figures and the reasons for any discrepancies between GSTR-1 and actual sales. - This documentation may include sales invoices, ledgers, and any other relevant records.
5. **Compliance and Accuracy**: - Accuracy in reporting is crucial to avoid any penalties or issues during GST audits. - Reconcile all discrepancies between GSTR-1, GSTR-3B, and actual sales figures to ensure compliance with GST regulations.
In summary, for GSTR-9 filing, ensure that you report the actual B2B sales of Rs. 100 and account for the difference of Rs. 50 appropriately in the relevant section of the form. This ensures compliance with GST regulations and accurately reflects your business transactions for the financial year.
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