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TMI BlogCORRECTION IN GSTR3BX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir Please let us know whether we can do correction (add or reduce ITC) in preceding months GSRT3B in the proceeding month's GSTR3B ? regards kvunni. kannur. - Reply By KASTURI SETHI - The Reply = Still no provision has been made in Common Portal. Wait for. - Reply By unni kv - The Reply = Dear Sir Thanks for replu, but sir, from begining of GST itself heard that wh ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... atever ommission/deletion/correction of the previous months return can be rectified by adding/deleting in the next months return etc. regards - Reply By KASTURI SETHI - The Reply = Yes. It will be allowed when date for GSTR 2A , GSTR 2 , 3 approach nearer. Monthly return for small scale is being converted into Quarterly. So it will take time to reset the Common Portal. - Reply By CS SAN ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... JAY MALHOTRA - The Reply = Dear Unni Kv. Amendment in GSTR 3B is allowed at present for the month of July 2017 subject to the condition that the Return has been submitted but not filed. GSTR 3B amendments for the period August 2017 onward shall be enabled shortly provided the same has not been filed. Alternatively, If ITC is availed in Excess/Short in the previous month GSTR 3B ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... the same can be adjusted in next month. Do ensure that ITC balance should not get negative. - Reply By Ganeshan Kalyani - The Reply = I agree with Sri Sanjay Sir, the excess paid tax in July 2017 GSTR 3B can be adjusted in Aug 2017 GSTR 3B . Anyway the provision is that any adjustment on the tax, input tax credit taken in GSTR 3B tax can be adjusted in GSTR 3. - Reply By KASTURI SET ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... HI - The Reply = Sh.CS Sanjay Malhotra Ji,. Sir, most of the assessees expect the facility for amendment in the case of 'FILED' GSTR 3 B for July, 17. Is there any hope ? I have read somewhere Govt. was planning to provide one time chance in this aspect ? Is there any hope ? Being a new law most of the assessees commited such mistake. - Reply By CS SANJAY MALHOTRA - The Reply = Sh Ga ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... neshan ji righty remarked the provision in GST act that the adjustment is allowed in GSTR-3 but as the same has been deferred and implementation date is not certain, better to explore option for adjustment in succeeding month return. with due regards to Sh Kasturi ji views, the Govt may find it difficult to allow the edit option which will be in place by Nov 21 to make amendments in case re ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... turn is filed as there are chances of declaring less liability which one already declared and paid off. This would result in revenue loss to Govt. Hence this things will be taken care off in GSTR-3 only and that too with justification. - Reply By KASTURI SETHI - The Reply = Sir, Thanks a lot for your opinion so quickly. - Reply By Ganeshan Kalyani - The Reply = Sri Sanjay Sir, thanks for cl ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... arification. - Reply By CS SANJAY MALHOTRA - The Reply = GSTR 3-B amendment option is enabled today with RESET GSTR button placed in GSTR-3B return at the botton. System allows amendments to those who have submitted return but not filed. The same feature shall be valid for all coming months. Hence, one should thoroughly look at GSTR-3B before submission and even after submission but b ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... efore filing as the error can be corrected using Reset Button. Returns once filed shall not be subject to any change thereafter. - Reply By Ganeshan Kalyani - The Reply = Sri Sanjay Sir, dealer would have filed GSTR 3B for the month of July 2017 to October 2017. So, if this reset option is enabled then it is not of use to those dealer who have filed the return. There would be very rare case ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... where dealer has submitted but not filed. There is exceptional problem faced by some dealer. They have filed the return but GSTN shows as submit status but not filed. This option will benefit those dealer who have not filed there return yet. - Reply By CS SANJAY MALHOTRA - The Reply = Sh Ganeshan ji, Agee with you but this feature was enabled on request placed by us as majority of the dealer ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... s / manufacturers were not given adequate training at the time of filing of return and subsequently errors were made by them. Returns were submitted but not filed as they were not able to offset tax liability due to error made during data entry in return. Further this would be useful now for coming months to all as if every error is made and noticed during offset of tax liability, GSTR3-B can ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... be reset and correction can be made. But your valid point still remains that no correction once it is filed. Only adjustments can b made I. Next months return. - CORRECTION IN GSTR3B - Query Started By: - unni kv Dated:- 18-11-2017 Goods and Services Tax - GST - Got 12 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - ta ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... xmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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