Tax Management India. Com
Law and Practice  :  Digital eBook
Research is most exciting & rewarding
  TMI - Tax Management India. Com
Follow us:
  Facebook   Twitter   Linkedin   Telegram
Discussions Forum
Home Forum Goods and Services Tax - GST This

A Public Forum.
Acknowledging the Value of Experts.

Contribute Your Wisdom, Shape the Future.
Let Your Experience Guide Others

Submit new Issue / Query     My IssuesMy Replies
A free service.
You may submit an issue for brainstorming also.

Annual Return, Goods and Services Tax - GST

Issue Id: - 114896
Dated: 20-4-2019
By:- Kaustubh Karandikar

Annual Return


  • Contents

The wrong reporting of figures in Return GSTR – 1 and GSTR – 3B, can it be rectified by showing correct figures in Annual Return or in Annual Returns same figures should get reflected what is mentioned in the Return GSTR – 1 and GSTR – 3B?

Posts / Replies

Showing Replies 1 to 1 of 1 Records

Page: 1


1 Dated: 20-4-2019
By:- KASTURI SETHI

Dear Sir,

Correct figures should be reflected in the Annual Return. Thus it will prove bona fides on the part of tax payer (registered person). We should not commit an other mistake by reporting wrong figures (already reported in GSTR-1 and GSTR -3 B) again in the Annual Return. It is my observation that Annual Return is the last opportunity for assessees to rectify the mismatch between GSTR-1 and GSTR -3 B. The possibility of providing such facility in the the functioning of Common Portal System cannot be ruled out. So adhere to correct figures in the Annual Return. Most of the assessees have received notice for mismatching of figures between GSTR-1 and GSTR-3 B. So we can hope that Govt. will evolve some way-out in the interest of the assessees, at least for the first year of GST, it being a new law.


Page: 1

Old Query - New Comments are closed.

Quick Updates:Latest Updates