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FORM GSTR-3B v/s FORM GSTR-1

Goods and Services Tax - GST - By: - GST Cornor - Dated:- 8-1-2018 - The common errors while submitting FORM GSTR-3B and the steps needed to be taken to rectify the same in FORM GSTR-1 are provided in the table annexed herewith. The corresponding column in the table provides the steps to be followed by taxpayer to rectify such error: Scenario GSTR-3B (Return Filed) Changes in FORM GSTR-1 Refer Scenario - 1 Liability was under reported If such liability was also not reported in FORM GSTR-1 of the .....

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f the month/quarter, then such taxpayers will have to file for amendments by filling Table 9 of the subsequent month s / quarter s FORM GSTR-1. Refer Scenario - 4 Input tax credit was under reported No Action Refer Scenario - 5 Input tax credit was over reported No Action Refer Scenario - 6 Input Tax Credit of the wrong tax was taken (Ex: Central Tax credit of as Integrated tax) No Action Refer Scenario - 7 Cash ledger wrongly updated (Ex: Payment challan under the Central Tax head, while they w .....

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ompany B had reported an inter-State sale but realized that the same sale was counted twice and hence was not to be reported or taxed. But the return form was already filed and no change could be done to reduce the liabilities. What can company B do? In this case, they may reduce this liability in the return of subsequent months or claim refund of the same. Scenario-3:- Liability was wrongly reported Company C was registered in the State of Haryana. While entering their outward supplies in FORM .....

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Scenario-4:- Input tax credit was under reported Company D, while filing their FORM GSTR - 3B for the month of July, inadvertently, misreported Input tax credit of ₹ 1,00,00,000/- as ₹ 10,00,000/-. They had filed their return and paid ₹ 90,00,000/- in cash. What can they do? Since, the return has already been filed, Company D may add such Input tax credit in their return for subsequent month(s). Scenario-5:- Input tax credit was over reported While filing their FORM GSTR 3B for .....

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