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Treatment of Outward Supplies details of FY 2017-18 modified after due date of September 2018 in GSTR-3B ?  

 

sydandekar
Member Admin
Joined: 4 months ago
Posts: 12
05/08/2020 1:10 pm  

Section 37(3) of CGST Act allows to rectify any error or omission made in any Statement of Outward Supplies [GSTR-1] discovered by the registered taxpayer in the return for the tax period during which such error or omission is noticed, however no rectification for the FY 2017-18 is allowed after the due date for furnishing the details under section 37(1) for the month of March, 2019 or for the quarter January, 2019 to March, 2019 as per Second Proviso of Section 37(3).

Similarly, Section 39(9) of CGST Act allows to rectify any omission or incorrect particulars made in any Return [GSTR-3B] discovered by the registered taxpayer, other than as a result of scrutiny, audit, inspection or enforcement activity by the tax authorities, in the return for the tax period during which such error or omission is noticed, however no rectification for the FY 2017-18 is allowed after the due date for furnishing of return for the month of September, 2018 or the quarter July, 2018 to September, 2018, or the actual date of furnishing of annual return for FY 2017-18, whichever is earlier, as per Second Proviso of Section 39(9).

What will be the status of the outward supplies modified and value reduced due to rate change pertaining to FY 2017-18 remained to be reported in GSTR-3B of FY 2017-18 and thus reported in GSTR-3B of October 2018 to March 2019 and reduced from Tax payable for that tax period ?

This topic was modified 4 months ago by sydandekar

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