Sale invoice of June 2020 not repoted
kiran (accounts manager) (262 Points)
09 September 2021
kindly suggest can it be diclaired in sept 21 gstr 1,or gstr 9? interest rate?
3 Replies
Rama chary Rachakonda
(Master in Accounts & Lawyer email ID:ramachary64@gmail.com voice no:9989324294)
(5223 Points)
Replied 14 September 2021
It should be noted that the actual tax liability and payment, at present, is completely determined by information filed in GSTR 3B. So even if you missed out some of your invoices in GSTR 1, still you can consider those invoices while filing your GSTR 3B.
Sravan
(Manager-GST)
(26 Points)
Replied 14 September 2021
Hai Kiran,
It is advisable to show the missed invoice(s) in GSTR-1, on or before September 2021, otherwise, your client won't get the input tax credit on the said invoice(s), even if you show the same in Annual return-GSTR-9.
If you have not considered the said invoice(s) in tax calculations, while filing the GSTR-3B, you still have the time to show in GSTR-3B up to September 2021 return. Rate of interest is 18%.
Hope Iam clear.
CA. Heet Shah
(Tax Consultant & Practitioner)
(6180 Points)
Replied 15 September 2021
Gstr1 of sep 21 shall be preferred to disclose invoice of June 20
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