IGST OR CGST/SGST, Goods and Services Tax - GST

[Bibhu Tripathy]

Dear experts

kindly clarify
there is differential value arising during the reconciliation between Profit and loss account income and GSTR 3B. The GST demand will be IGST or CGST/SGST

Posts / Replies

[Ganeshan Kalyani]

Sir, you have to find out the entry passed in books that is not considered in GSTR-3B. The entry would reflect the customer location, GSTIN etc based on which you can determine IGST or CGST + SGST.

[Bibhu Tripathy]

no entry in the books.

[KASTURI SETHI]

Sh.Bibhu Tripathy Ji,

In the event of 'no entry', you are requested to elaborate your query. What is the reason for mismatch ? You will have to justify the difference to the department.What is the reason for 'no entry' in books of account ?

[Ganeshan Kalyani]

Sir, when sale invoice is raised the taxable value goes to revenue account and tax/GST payable amount goes to current liability account. So, if you consider comparing taxable value in 3B with revenue in P&L then the turnover should match. Or look for any journal entry passed which may cause difference.