MURALIDOSS (INCOME TAX PRACTITIONER) (1329 Points)
21 December 2019In 3B outward supplies like this - 646000/- (WRONGLY ENTERED) igst - 58000 sgst- 29140 cgst -29140 total outward tax is =116280/-
in GSTR1 INTERSTATE (CORRECTLY ENTERED) - 15000/- SGST- 50640/- CGST -50640/- total outward tax is =116280/-
HOW TO RECTIFY THIS?
SOWJANYA M
(840 Points)
Replied 21 December 2019
MURALIDOSS
(INCOME TAX PRACTITIONER)
(1329 Points)
Replied 21 December 2019
Is the refund IGST Also comes with interest?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 21 December 2019
MURALIDOSS
(INCOME TAX PRACTITIONER)
(1329 Points)
Replied 21 December 2019
Raja Sir,
Next month I have to pay igst - 20000/- :: cgst 60000 sgst 60000/-
so, can i put 0 in igst and cgst 60000+20000 - sgst 60000+20000?
then still I need to adjust (43000- 20000) =23000. it can be adjust again in next month i.e 2nd month sir?
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 21 December 2019
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 22 December 2019
MURALIDOSS
(INCOME TAX PRACTITIONER)
(1329 Points)
Replied 23 December 2019
Pankaj Sir, and Raja sir, with your kind helps and answers too I am happily informed to you all , I was passed out GSTP exam. Thanks.
RAJA P M
("Do the Right Thing...!!!")
(128091 Points)
Replied 23 December 2019
| Originally posted by : MURALIDOSS | ||
 |
Pankaj Sir, and Raja sir, with your kind helps and answers too I am happily informed to you all , I was passed out GSTP exam. Thanks. |  |
Well...
Congratulations Dear... Enjoy the Fruits with Your Hard-work...
SOWJANYA M
(840 Points)
Replied 23 December 2019
CMA M.Keerthi chandra
(C.A FINAL STUDENT AND QUALIFIED C.M.A)
(561 Points)
Replied 23 December 2019
Congrats @ Muralidoss.
In above question how the tax liability is discharged is not mention .i.e (cash or credit ledger utilization)
Refund is only possible where there is actual payment .If the tax liability is disposed off by utilizing the credit Ledger, refund is not entertained.(You may also go through the online refund application format).Hence in above question, if the 3b liability is discharged through making payment by cash ,only then the refund application is possible.
In this case you have to select 8th in the sequence of refund types mentioned there in.
CMA M.Keerthi chandra
(C.A FINAL STUDENT AND QUALIFIED C.M.A)
(561 Points)
Replied 23 December 2019
Congrats @ Muralidoss.
You did not mentioned how did you disposed off your tax liability in 3b. I mean either through utilizing credit or paying cash
Please note that refund is only allowable if you made payment.
regards
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 23 December 2019
dear muralidoss
congrats !!!!! , it all your hard work. enjoy & all the best for future
MURALIDOSS
(INCOME TAX PRACTITIONER)
(1329 Points)
Replied 23 December 2019
'You did not mentioned how did you disposed off your tax liability in 3b. I mean either through utilizing credit or paying cash"
Yes I will make cash payment., and refund will adjust in future liability.
Thanks,
S ELAVARASI
(ACCOUNTANT)
(2975 Points)
Replied 24 December 2019
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