wrong charge gst rate on sale bill

Page no : 2

Vinod Babu (24191 Points)
Replied 28 May 2018

Yes agree with Mr Ravi sir.

Not possible to revise 3B.
Only ammendment in GSTR1 is possible.

Upgrade to CAclubindia Pro. Subscribe Now!

Ravi SADhiyan (Practice) (4510 Points)
Replied 28 May 2018

Originally posted by : Vinod Babu
	Yes agree with Mr Ravi sir. Not possible to revise 3B. Only ammendment in GSTR1 is possible.

Dear Sir If In this case GSTR-1 not filled

And its better for him to filed GSTR-1 as per old rate otherwise its very difficult to transfer of excess claimed GST

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 28 May 2018

"No more Clarity...

Pls give correct solution and correct filing option...!"

Ravi SADhiyan (Practice) (4510 Points)
Replied 28 May 2018

According to my opinion

Filled on the basis of Old Rate which was collected from customer

1 Like

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 28 May 2018

Originally posted by : Ravi SADhiyan
	According to my opinion Filled on the basis of Old Rate which was collected from customer

Filing procedure is Okay Sir...

What about rectification of the Wrongly charged Tax...?

Upgrade to CAclubindia Pro. Subscribe Now!

Vinod Babu (24191 Points)
Replied 28 May 2018

Not possible to revise 3B but correct it GSTR1

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 28 May 2018

Originally posted by : Vinod Babu
	Not possible to revise 3B but correct it GSTR1

I don't know / know....

If You have solution then give Your poits and Solution to queriest. Without details or solutions don't be agree to any of the Replies...

If You have exact solution the give here also waiting for the reply... If Not wait on reply from Mr. Ravi Sadhiyan Sir...

*** All are know GSTR 3B is not reversible Okay...

Ravi SADhiyan (Practice) (4510 Points)
Replied 28 May 2018

Originally posted by : Nitesh agrawal
	is it possible to revise gstr 3b? As my client not filed gstr1 from nov. is it possible to revise invoice value and putup gstr1 through through revised invoice.. an what can i do as i m paid excess amt in gstr 3b and setteld.?

Last & Final My Opinion in Case if Not Filled GSTR-1

Benefit of file GSTR-1 @ 18 % instead of 12%

GSTR-1 & GSTR-3B Reconciled
In the Hand of Buyer ITC show in GSTR-3B reconciled with GSTR-2

Problem Create if GSTR-1 File @ 12 % Instead of 18 %
- Buyer Labile to pay Interest @ 24 % p.a. on ITC which was wrongly taken in GSTR-3B, if he accepted GSTR-2
- GSTR-1 & GSTR-3B of Sellar Not reconciled

(C) Dilemma if GSTR-1 Filed @ 12 % Instead of 18 %

How to raise Credit Note to Buyer

Conclusion

Filed GSTR-1 @ 18 % which was collected from Customer. Because of so many Buyer GSTR-3B effects if you filled GSTR-1 @ 12 %. And If You Filled GSTR-1 @ 12 % than Buyer shall be liable to claim Wrong ITC than they shall labile to pay interest @ 24 %

Vinod Babu (24191 Points)
Replied 29 May 2018

No revise for GSTR returns possible.

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 29 May 2018

https://gst.caclub.in/section-14-of-cgst-act-2017-change-in-tax-rate-on-supply-of-goods-or-services/

As per sec 14 of CGST act no way for collecting taxed for high/less rates...

So,
As per my view.,

The Taxpayer not file his return. Now he will file his all GSTR 1 return with his actual Invoices (with 18%).

After file his all returns upto the end of the month (current month or March) then he will revise his invoices with actual values and intimate or issued to his customers. In this way no more problems in both end (Supplier (Querist) and Customer).

Note :
No need think about it's possible or impossible for no of invoices and Customers. Law can't accept no of details...

Upgrade to CAclubindia Pro. Subscribe Now!

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 29 May 2018

(Mr. Vinod Babu, Don't be agree any of the reply with all views. Please give your solution with reasonable or stand any of the view. You agreed all replies from Mr. RAVI Sadhiyan, Mr. Dhayananth and Me... It's not good way or reply to the query)

Vinod Babu (24191 Points)
Replied 29 May 2018

Not possible to revise...

RAJA P M ("Do the Right Thing...!!!") (127921 Points)
Replied 29 May 2018

Read my reply correctly. After read my last reply then go to read my previous reply with last reply... If You are not get solution then ask Your doubts... 😊