Hello
Person is filing quarterly GSTR1, return, he has taken registration in Nov 17. Returns in 3B are also filed showing only monthly sales information in Nov,17 and Dec 17. However assessee has some GST eligible transaction in Oct 17 prior to date of registration, which he has not shown in the 3B of Nov 17 as per provisions of Sec 40 of CGST Act.
Questions are:
1) Can this information to be given in GSTR1 of Q3, regarding Oct 17 transaction which are not shown in Nov 17 as per Sec 40
2) If shown, what is to be doen with the difference between 3B returns Vs GSTR1
3) What is the implications for above error
All truncations are pertaining to export sale only for which assessee has taken LUT from Dept
Pls guide on above situations.
3 Replies
Rizwan
(APE)
(34 Points)
Replied 11 February 2018
You can only show the transactions which occurred on or after the date of registration under the GST.
Mayur Mahamuni
(Officer)
(73 Points)
Replied 11 February 2018
Thanks for Reply....
But while assessment, it may get notified and further penalty and interest may require to pay.
Since these are export transaction and covered under GST from the very first day of law.
But while assessment, it may get notified and further penalty and interest may require to pay.
Since these are export transaction and covered under GST from the very first day of law.
Akash Verma
(188 Points)
Replied 11 February 2018
Exports are inter state supplies.
If you have done exports without LUT, then you need to pay tax and interest.
If you have done exports without LUT, then you need to pay tax and interest.
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