Wrongly declared the turnover under Table 4 instead of 6C
This query is : Resolved
15 October 2020
Dear experts,
FY 2019-20 in GSTR1 we have declared Rs. 2 crore Taxable Turnover under the Table 4. Actually this is deemed exports @ 0.1%. It should be shown in GSTR1 under the Table 6C. will it create any problem, while filing the returns GSTR 9 & GSTR 9C? Please guide me to rectify it.
FY 2019-20 in GSTR1 we have declared Rs. 2 crore Taxable Turnover under the Table 4. Actually this is deemed exports @ 0.1%. It should be shown in GSTR1 under the Table 6C. will it create any problem, while filing the returns GSTR 9 & GSTR 9C? Please guide me to rectify it.
15 October 2020
You fill up GSTR9 correctly based on your books of accounts.
There can be problem if you want to claim refund of ITC. Since it is for financial year 2019-20 you can do correction in September GSTR1 if you have not filed or system may permit you to do in October GSTR1 also .
There can be problem if you want to claim refund of ITC. Since it is for financial year 2019-20 you can do correction in September GSTR1 if you have not filed or system may permit you to do in October GSTR1 also .
15 October 2020
Please ignore my earlier reply. You have correctly declared in table 4.it will not be reported in table 6c because it is not deemed export supply. 0.1% is for merchant export which is not deemed export under gst.
16 October 2020
Thank you very for your valuable reply
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- Applicable TDS rate for sale of property in Nov 2024
- Inventory of finished goods
- GST ON EXPORT COMMISSION
- RCM INVOICING FROM NOV-2024
- REGARDING 25 AS DATE OF PAYMENT AND DATE OF BOOKING
- Can we claim ITC of Feb-2024 in the month of November-2024 which was not claimed by oversight
- ITC EXCESS CLAIM + RCM NOT PAID...BOTH FOR FY 2020-21......PAID IN FY 2024-25....EFFECT
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
- 133(6) DIN INVALID format error - ->WHERE TO REPLY 133(6) notice?
- Query for dubts
- Regarding einvoice taken on nil rated sales
Trending Online Classes
CAclubindia
