What to do in case excess turnover is booked in GSTR 1 of March Month.
In case of Exempted Supply as there is no ammendment column in GSTR 1 .
So what can we do:
Should i correct the figures in GSTR 9 and for that excess amount of we can short turnover by that amount in F.Y. 2018-19.
Pls resolve it on urgent basis.
2 Replies
Ajay Singh
(-)
(127 Points)
Replied 19 April 2019
Dear Sir, As per my understanding its like since you entered excess turnover you paid the tax excess. If the Payment alone done in excess will not harm anything the balance will be on your cash ledger which you may utilize in future months, but due to the mistake holding the other liability which is payable is not correct. Since GSTR-3B option hasnot given so far... we need to wait Presently you need to pay the balance liability, irrespective of mistake done in past months in my view, because willful misstatements will lead to unneccesary notice, clarifications etc.Please go through Sec. 73 of CGST Act.
shailendra shukla
(Bhopal)
(1741 Points)
Replied 19 April 2019
yes Report exempted turnover as per books..... In case of any notice in the future or if department wants clarification....
clarify the same to them mentioning the reason of difference...
clarify the same to them mentioning the reason of difference...
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