Rudrayani Shedjale (Assistant Accountant) (751 Points)
10 May 2018we need to book sales in the month of MArch-2018 to cover our loss
but party not ready to book the expense in march-18 as their GST & TDS returns have done.
still if we book sales in our GSTR-1, except our GST returns mismatch what other problems can arise?
please explain
CA Naveen Chand
(Chartered Accountant)
(12729 Points)
Replied 10 May 2018
gstr 3b and gstr 1 should be matched
and the almost details of gstr 1 will be put on itr
Rudrayani Shedjale
(Assistant Accountant)
(751 Points)
Replied 10 May 2018
our 3B & GSTR-1 will be mateched but problem comes with party's return reconciliation.
they are not agree to book the expense in March-18 whereas we need to increase our sale.
Rudrayani Shedjale
(Assistant Accountant)
(751 Points)
Replied 10 May 2018
we will book in the month of March-18,will pay the GST.party will take set off in f.y.2018-19.
so we are actually paying tax.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 10 May 2018
If u have supplied it in march then book it in march only
Convince ur party ...
Rudrayani Shedjale
(Assistant Accountant)
(751 Points)
Replied 10 May 2018
we are into works contact (civil). work has been done in March-2018 only but bill has been submiteed & certified now.
party said they won't book it in March-18.still if we would show it as our sale what would be the consequences
Dayananda Kakade
(Deputy Manager -Finance)
(328 Points)
Replied 10 May 2018
As long as you are able to match GSTR1 and GSTR3B there should not be any problem. Pary can book the expense in subsequet month and take credit if availalbe. I do not foresee any issue.
CAclubindia
