FOR FILING GST JULY MONTH RETRURN, INPUT AMOUNT TAKEN FROM STOK TRANSITINAL PROVISION SHOULD BE ENTRED IN TRAN-1 FORM. IT CAN BE ENTERED WITH PAISE AMOUNT AND IT WILL BE REFLECTED IN FORM 3B. BUT IN FORM 3B SET OFF LIABILITY LEDGER, THERE IS NO PROVISION FOR UPDATING FIGURES IN PAISE AMOUNT. THIS PROBLEM LEADS TO SET OFF SGST LIABILITY WITH IGST INPUT IF THERE IS ANY PAISE BALANCE IN SGST INPUT CREDIT. THE SYSTEM SHOWS ERROR MESSAGE AND DUE TO THIS PAISE PROBLEM RETURN CAN NOT BE FILED. SO UNTIL PROPER RECTIFICATION DONE BY GST TECNHICAL TEAM, ACCOUNTANT MAY ROUND OFF THE INPUT AMOUNT WHILE ENTEREING IN TRANS-1 FORM.
Beware of paise in input amount in gst tran-1 & 3b
venkateswaran.m (Sr. Audit Manager.) (52 Points)
28 August 2017