GSTR-1 for July, 2017 filed wrongly. B2C table filled instead of B2B, Other Topics

[Nageswara Rao Sripada]

GSTR-1 for July, 2017 already filed. But the return was wrong as Invoice data wrongly fed as B2C instead of B2B. The receivers are making it a fuss as the invoices are not reflected in their GSTR-2 or 2A. I understand that there is no provision to revise the GSTR-1 already filed. Will it be sufficient if CREDIT NOTES are issued now (in November, 2017) for all the outward supplies (invoices) in July, 2017 and show the details of such credit notes issued, when GSTR-1 for August, 2017 is filed. Is there any other way to satisfy the receivers who are not releasing the payments as of now. I invite your valuable suggestion please.

Posts / Replies

[Ganeshan Kalyani]

Sir, input tax credit is allowed on provision basis and descripenses can be rectified in the next month. The mistakes made in July 2017 return can be corrected in Aug 2017 return.

[CS SANJAY MALHOTRA]

Yes, the Input Tax Credit is available on provisional basis and the recipient can show the same in GSTR-3B filed by him.

2 Alternatives available. One as suggested by Sh. Ganeshan ji. Secondly, your Buyer can made addition in his GSTR-2 as and when to be filed (if not filed earlier) and add Invoice details. The same will be reflected in your GSTR-1A for July'17 which you can accept. (This may be operational after Dec'17)

Whatever will be the process i.e. addition by you in GSTR-1 of August to reflect Invoice of July'17 or acceptance in GSTR-1A, credit note has to be raised negating the transaction shown in B2C.

[KASTURI SETHI]

I support the views of both experts. The querist will not suffer loss at all. It is a matter of time factor only.

[Nageswara Rao Sripada]

Thanks for the guidance/advice provided.