16 August 2022
Client did not mention GST number in invoice as such sales for the month of may were filed as B2C. In July it came to light as the customer complained that he did not get credit. How can this be rectified retruns so that the customer gets ITC for may month...retruns for may, june and july filed on time. is there any interest and penalty applicable
16 August 2022
Amendment can be done in next period's GSTR-1 by showing B2B invoice and reducing B2C of May month accordingly. Interest is payable on net cash basis only if sale pertaining to this invoice has been missed in 3B as well otherwise only GSTR-1 needs to be amended to pass on the credit.
CAclubindia
