Respected Experts
In January 2024 GSTR1 return we wrongly showed EXEMPT supply instead of NIL RATED supply.
How do we rectify it.
Your advice will help me a lot.
Thanks & regards
Eajaz
5 Replies
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 04 March 2024
If you Can not amend the table 8 ( Nil rated , exempted supply) of GSTR 1 in the next month, or no such option to amend table 8, then I think you Can amend only in Table 5 of GSTR9 ( Annual return) . you have to note down this correction till the filling of Annual return.
prasad Nilugal
( GST Practitioner & Accounts )
(14801 Points)
Replied 04 March 2024
Whatever mistake you make in GSTR 1 in whole year , you have an option to correct in Annual Return .
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 05 March 2024
In next month GSTR-1 disclose the figures, show amount in nil rated and negative figure in exempted supply
APURBA CHATTERJEE
(QUALIFIED CHARTERED ACCOUNTANT)
(604 Points)
Replied 05 March 2024
Kindly amend its details in Table 5 of GSTR-9
CA Rashmi Gandhi
(Chartered Accountant)
(86323 Points)
Replied 05 March 2024
But better to ammend in next month GSTR-1
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