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Amendment for NIL rated supply

Eajaz Ahmad (Accountant) (131 Points)

05 March 2023

Respected Sir/Mam,
In January 2023 returns, We missed some of B2C & B2B NIL RATED invoices in GSTR1 & GSTR3B.
How can we solve this, as there's no Amendment table available.
Your valuable advice may help me a lot.
Eajaz

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8 Replies

CA Vidyasagar B (Assistant Manager ) (176 Points)
Replied 05 March 2023

Report them in GSTR-1 filed for February,2023 period

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CA Mayank A Jain (Chartered Accountant in Practice) (1260 Points)
Replied 05 March 2023

Declare the same in GSTR-3b of next month. This is allowed as per section 37 of CGST Act.

prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 05 March 2023

In addition to above I would like to add that , Interest is applicable for late payment of taxes in the month of February 23 , as per section 50 of the CGST Act.

Eajaz Ahmad (Accountant) (131 Points)
Replied 05 March 2023

How to amend B2B NIL rated Invoice

prasad Nilugal ( GST Practitioner & Accounts ) (14801 Points)
Replied 05 March 2023

Not necessary to do any amendments now , report them in February 23 month GSTR1 and GSTR3B, with applicable Interest rate as per section 50 of the CGST Act.