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GSTR3B mistake at the year end

03 May 2020

Hi, I have missed some amount while filing GSTR 3B for the month of Mar 2020. I know that the same can be added in next moth GTSR 3B , but will it have any impact on reconcillation for the annual return of 2019-20 fiscal year ?

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7 Replies

CA Altamush Zafar (GST Consultant) (15971 Points)
Replied 03 May 2020

Yes it will be surely come as a difference while reconciling or while entering in GSTR-9 as your books will be having that transaction but your GST returns wont. But show the missed invoices in your GSTR-1. Then the mismatch will only on payment of tax.

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RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 03 May 2020

No more problem.

But,

You must be show the correct values (which is missed &/ shown in April) in Your annual return...

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arvind r shah (proptietor) (83 Points)
Replied 03 May 2020

U will have to pay interest for left out item of supply of march 20 which which u add in April 20.But is it that due date extended gor msrch 20 no interest payable?

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pawan yadav (5 Points)
Replied 03 May 2020

Sir, I have 2 questions-

1. I believe the interest is waived for the payment delays in the month of Mar & Apr 2020 because of pandemic. Please correct me if I have some misunderstanding.

2. I haven't filed GSTR1 for this quarter. Shall I show the missed invoice in this quarter GSTR1 itself or in the Apr month.

Thanks

Previous message- Hi, I have missed some amount while filing GSTR 3B for the month of Mar 2020. I know that the same can be added in next moth GTSR 3B , but will it have any impact on reconcillation for the annual return of 2019-20 fiscal year ?

RAJA P M ("Do the Right Thing...!!!") (128091 Points)
Replied 03 May 2020

@ Mr Pawan Yadav.,

Yes... You are correct.

The waiver/excemption for the months related return as per pandemic.
But, In Your case You missed the value of the month and it will shown in the next month.

So, Interest is applicable for the missed values...

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Rajkumar Patel (602 Points)
Replied 04 May 2020

He may claim benefit of interest if his supplies is belong to march ( for which return filed in April)

pawan yadav (5 Points)
Replied 10 May 2020

Sir, I am still worried about how the mismatch between the GSRT1 filed and return paid will be reconciled during annual return filing. How the system will understand that the balance liabilities have been paid in the next financial year ?

Is there any field in GSTR3B to identify the missed amount from previous quarter or fiscal year ?

Scenario explanation- I had filed the GSTR3B of Mar month in May and missed some invoice while fining GSTR3B. I have filed GSTR1 with correct amount and complete invoice details.

Thanks