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Igst wrongly booked as cgst/sgst

17 July 2018

Hi Group members,

I have a query. I have wrongly booked a bill in CGST /SGST instead of IGST on Aug'17 and filed returns. What entries I should pass to rectify the same? Anyone please let me know urgently.

Thanks,

Prakash R

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10 Replies

Anil Madhe (36 Points)
Replied 17 July 2018

pass new entry in current month nd again pass previous bill credit note entry as a bill correction

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Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 17 July 2018

can clarify whether it is B2b or B2c bill ???

1 Like

Prakash Rajagopal (16 Points)
Replied 20 July 2018

pankaj sir, it is a b2b billing. And it is input tax.

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 20 July 2018

THEN RECTIFY THE SAME IN GSTR 1 UNDER AMMENMENT COLUMN

AND REVERSE THE TAX LIABILITIES IN GSTR 3B BY INCREASING IGST TAX & DECREASEING CGST/SGST

Prakash Rajagopal (16 Points)
Replied 21 July 2018

Thank you so much for your kind reply. sir, this has happened last year. now my next doubt is can I do any rectification about it in this financial year .

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Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 21 July 2018

WHAT KIND OF RECTIFICATION YOU ARE TALKING ABOUNT CAN U CLARIFY

Prakash Rajagopal (16 Points)
Replied 21 July 2018

I mean about return filing. is it possible to change the returns which has already been filed during the year 17-18.

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 21 July 2018

YOU CAN ONLY AMMEND THE SALE FIQURE , GSTN, ETC IN EARLIER FILED RETURN , PLZ CLARIFY WHAT YOU WANT TO CHANGE IN RETURN FILED IN YEAR 2017-18

Prakash Rajagopal (16 Points)
Replied 21 July 2018

it is purchase. I have wrongly taken cgst & sgst credit instead of igst credit.

Pankaj Rawat (GST Practitioner) (55052 Points)
Replied 21 July 2018

SORRY DEAR PRAKASH , YOU CANNOT , GST INPUT REGARDING CHANGES CAN ONLY BE DONE IN YOUR CURRENT 3B

PASS THE CORRECT ENTRY IN BOOKS REGARDING (CGST/SGST INSTEAD OF IGST) & REVERSE IN YOUR CURRENT 3B, PREPARE RECONCILIATION STATEMENT FOR THE SAME (AS YOUR BOOKS WILL BE NOT MATCH WITH THE RETURN FILED IN PREV.FY)