Скачать или смотреть GSTR3B Return Correction, Correcting Mistakes Done in GSTR3B Return– By Saurav Dutta

In this video I will tell you regarding how to make corrections for below mentioned mistakes done in your monthly GSTR-3B return

 Under-Reporting of Liability

 Over-Reporting of Liabilities

 Wrong-Reporting of Liabilities

 Under-Reporting of ITC

 Over-Reporting of ITC

 Wrong-Reporting of ITC

 Cash Ledger Wrongly Reported





Under-Reporting of Liability ( Returns filed)



 Liability may be added in the return of subsequent month(s) after payment of interest.

 If such liability was not reported in FORM GSTR-1 of the month/quarter, then such liability may be declared in the subsequent month’s/quarter’s FORM GSTR-1 in which payment was made.



Over-Reporting of Liabilities



 Liability may be adjusted in return of subsequent month(s) or refund may be claimed where adjustment is not feasible.

 Where the liability was over reported in the month’s / quarter’s FORM GSTR-1 also, then such liability may be amended through amendments under Table 9 of FORM GSTR-1



Wrong-Reporting of Liabilities



 Unreported liability may be added in the next mont’s return with interest, if applicable. Also, adjustment may be made in return of subsequent month(s) or refund may be claimed where adjustment is not feasible

 Such taxpayers will have to file for amendments by filling Table 9 of the subsequent month’s / quarter’s FORM GSTR-1.



Under-Reporting of ITC



 Input tax credit which was not reported may be availed while filing return for subsequent month(s).

 No action required in GSTR-1.









Wrong-Reporting of ITC



 Pay(through cash) / Reverse any wrongly reported input tax credit in return of subsequent month(s).

 For under reported input tax credit, the same may be availed in return of subsequent month(s).

 No action required in GSTR-1.





Cash Ledger Wrongly Reported



 Add cash under the right tax head and seek cash refund of the cash added under the wrong tax head.

 No action required in GSTR-1

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