GST Adjustments in Returns, Goods and Services Tax - GST

[akhil revuri]

Dear Expert,

Please tell ,e how to solve the following issues?

1) Forgot to show nil rated purchases in the FY 17-18 in 3B return. can we show that nil rated purchases in the current FY i.e., in 18-19? And if can we show it under table 5 of 3B along with the Current years nil rated purchases?

2) Filed 3B returns for the months of Jan, Feb, March 18 Returns and total nil rated sales shown is ₹ 10L.

however in GSTR-1 of the March Qtr Total nil rated sales showed is ₹ 14L. how to rectify this in this year returns?

Posts / Replies

[DR.MARIAPPAN GOVINDARAJAN]

The turnover is less than the threshold amount. Then why did you registered in GST?

[Rajagopalan Ranganathan]

Sir,

According to Section 39 (9) of CGST Act, 2017, "Subject to the provisions of sections 37 and 38, if any registered person after furnishing a return under sub-section (1) or sub-section (2) or sub-section (3) or sub-section (4) or sub-section (5) discovers any omission or incorrect particulars therein, other than as a result of scrutiny, audit, inspection or enforcement activity by the tax authorities, he shall rectify such omission or incorrect particulars in such form and manner as may be prescribed, subject to payment of interest under this Act:

Provided that no such rectification of any omission or incorrect particulars shall be allowed after the due date for furnishing of return for the month of September or second quarter following the end of the financial year to which such details pertain, or the actual date of furnishing of relevant annual return, whichever is earlier.

In view of the above you can rectify the omissions made by you. The annual return is to be filed on or before 31st December following the end of the financial year.