pls let me know the consequences and remedy in following case.
Liability declared in monthly GSTR 3B correctly but liability declared in GSTR 1 quarterly while the firm was required to file GSTR 1 monthly. Taxes have been paid correctly.
1st thing is that the liabilities shown in quarterly filed R1 shall be equal or less than that shown in 3B. As the department is mostly concerned with the payment of tax so if tax has-been paid correctly there is no worry. moreover, R1 is a return so that your buyer can avail the benefit of ITC , the dept is concerned mostly with 3B and in case you receive any communication from the dept, you can explain the same to them and can mentioned that this was done inadvertently and I hope they will not take any action
Gstr1 is the statement only for providing the turnover figure. it doesn't calculate assessee's liability at all. the only assurance which is to be made is regarding the data of taxes on output as well as the turnover. I mean it should be same in gstr3b and gstr1. further filing of gstr1 quarterly instead of monthly doesn't require any formalities as it doesn't calculates any taxes or late fees. so no issues should be there.
The management of this site should reprimand him. A genuinely educated person possesses many qualities of politeness. He lacks it completely. Either he is less educated or is not a CA. I give him a challenge to discuss on any subject, any matter whatsoever.