Beware of paise in input amount in gst tran-1 & 3b

ITC / Input 365 views 2 replies

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.

Replies (2)
Dear sir when U are going to submit form 3B ,it shows that only whole digits will be posted in the ledger,it means fraction digits is ignored,so I have to deposit tax in round figure.....

Sir,

I have countered the same problem..... Trans-2 credit given in fraction (paisa) leads to problem while filing 3B for Oct2017, morover by error or confusion its GSTR 3B was FILED and later on we observed that posting to LIABILTY REGISTER not happen and CREDIT REGISTER was reversed by system? but status was FILED.... STRUCKED? not able to revise not able to continue for next month..... Please suggest any remedy.

Thanks in Advance!

GOVIND AGARWAL

 


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