Dear Sir/Madam,
We filled a GSTR4 for an composation dealer for Q3. The sales value is Rs.1,25,700/-. on that I have to pay GST at 1% that is Rs.1,257/-.
But by mistakenly the value taken to nil rated goods and we not paid any GST payment. Now I comes to know about the mistake done by us, now we wants to correct the GSTR4 return filled.
Please give me the suggestions for correcting the GSTR4 return.
Thanking you in earlier
No, GSTR4 cannot be revised. The details which have been entered incorrectly can be amended in the next period GSTR-4 return. GSTR4 provides for amendment of the details furnished in previous tax periods.
Yes GSTR-4 cannot be revised. amendments may be made in next quarter GSTR-4 only but in the meanwhile you may discharge the tax liability of Q3 by paying tax.
First you should pay tax then there will be no liability for tax and no question of interest arises then in next quarter you can file correct GSTR 4 As mentioned above
CAclubindia
