Question ID : 32754

GST Liability Reporting in GSTR -3B & GSTR 1

A person has reported under liability in GSTR-3B from July 17 to March 2018, he has filed GSTR 3B upto March 2018 but yet not filed GSTR-1 from July to March 2018. Now how he should correct his under reported liability in return..?? 1. should he correct under reported liability in GSTR-1 of relevant month if yes how he will pay tax on this under reported liability..? as no payment option in GSTR-1. (Also there will be mismatch in GSTR- 1& 3B data in this case) 2. should he add this under reported liability in next month's GSTR-3B (i.e. in April 2018 of next f.y.) so he can pay tax in 3B. and because of 2nd option show same under reported liability in GSTR-1 of july 17 to march 18 also, as given in GSTR-3B of July 17 to March 18. by choosing 2nd option there will be mismatch in books and GST return data for f.y. 2017-18, which will impact in annual return, very difficult to reconcile both data in form GSTR-9 . Suggest what should be done so that this can be handled in easy way..??

posted by Satyendra Bhana on Jul 31 2018 12:00AM