Whether to show in annual return or gst 3b

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HARISH BHATIA (Querist)
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25 June 2019 Dear Sir, one of client is a builder , he sell normally each flat for RS 17,50,000, how ever in one case he sale the flat for rs 17,50,000 flat sale value, how ever he collected Rs 21,00,000 by way of account payment to her bank account i.e. my firm current account the excess amount is for interior designs & other works. previous accountant shows Rs 17,50,000 in GSTR-1 & GSTR-3B, kindly confirm how to proceed in the annual return OR I can show excess amount in June 2019 month GSTR-3B & GSTR-1,

Transaction related 2017-18 fY, SO WHICH ONE IS BETTER WHETHER TO SHOW IN ANNUAL RETURN OR TO SHOW IN FUTURE 3B PERIOD .
which one is better and safe, kindly please guide us in a brief manner

CA Anita Bhadra

CA Anita Bhadra (Expert)
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25 June 2019 You need to show extra amount in Annual Return ( Table 4 ) and pay additional tax liability thru DRC 03 .

Payment received for supply in 2017-18 is not advisable to show in GSTR 3B / GSTR 1 in June 2019

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HARISH BHATIA

HARISH BHATIA (Querist)
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25 June 2019 can i use itc amount which already exist in my credit ledger or i have to pay only from cash ledger and please confirm , any interest or penalty applicable or not. I have not received any notice till date.

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