Hello Everyone...!
I have one query regarding giving effect of amendment in GSTr1 while preparing GSTR 3B. While filing GSTr 1 of earlier period, we have booked GST at lower rate. After realising that we are doing wrong billing. We decided to amend our bills keeping invoice value same. Accordingly we amended our GSTr 1. But I am stuck and thinking about how to give its effect in GSTR 3 B. Do I need to Increase turnover as Per 3B for differential amount...?
Please suggest....
thank you..
Pay the differential tax in DRC-03 but do not disturb the turnover. GSTR 3B is only a statement for payment of taxes and the turnover cannot be rectified. Go ahead and show correct turnover in Annual return (if at all it has to be filed)
CAclubindia
