Go Ad-Free on CAclubindia with Daily Mobile Updates. Subscribe Now!

Can we amend the value of gstr1

Aryan Roy (16 Points)

17 July 2021

In financial year 1920 we have uploaded our sell bill GSTR1. But mistakenly put a wrong value. Can we amend it now?

Reply
Follow
Share

4 Replies

CMA Poornima Madhava (CMA) (13112 Points)
Replied 17 July 2021

No, time limit for amendment is already over.

Upgrade to CAclubindia Pro. Subscribe Now!

Rama chary Rachakonda (Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294) (5672 Points)
Replied 17 July 2021

A return once filed cannot be revised. Any mistake made in the return can be rectified in the GSTR-1 filed for the next period (month/quarter). It means that if a mistake is made in GSTR-1 of June 2021, rectification for the same can be made in the GSTR-1 of July 2021.

Balamurali Unnithan MS (STUDENT) (1631 Points)
Replied 17 July 2021

Check, you are liable to audit u/s 44AB..
Then consult with the auditor and do the best.

Now, you adjust it in the coming months, there is a chance for variation in the turnover figures.

Aryan Roy (16 Points)
Replied 17 July 2021

Sir/Madam, I am extremely obliged by the answers given by all of you and it is my fortunate that I am also able to learn more by your great replies. Thankyou