Records Failed to Process Service Channel Invoice Upload

| Appurtenances and Services Tax - Articles
21 April 2020
319,122 Views

In the GST Government nosotros have seen several changes including the changes made under returns. GSTR-3B (i.eastward. a summary return) was brought for brusque menstruum past the Authorities, while for detail of it Course GSTR-1 and Grade GSTR-2 were also introduced. Information technology was antiseptic that the system will automatically reconcile the data submitted in Course GSTR-3B with Course GSTR-ane and Form GSTR-ii, and the variations if any will either be showtime confronting output tax liability or added to the output tax liability of the s ubsequent months of the registered person.

Equally per – section 37(iii) of CGST Human activity, any registered person, who has furnished the details under section 37(i) for any taxation period and which have remained unmatched under department 42 or section 43 of CGST Human action, shall, upon discovery of any error or omission therein, rectify such error or omission in such style as may exist prescribed, and shall pay revenue enhancement and interest, if any, in example at that place is short payment of revenue enhancement on account of such error or omission, in return to exist furnished for such tax flow.

Provided that no rectification of error or omission in respect of the details furnished nether section 37(1) of CGST Deed shall be immune after furnishing of the return under department 39 for the calendar month of September following the stop of the fiscal twelvemonth to which such details pertain, or furnishing of the relevant annual return, whichever is earlier – first proviso to section 37(3) of CGST Act.

Department has issued a detailed circular No. 26/26/2017=GST dated 29-12-2017 giving instructions to correct errors made in filing GSTR-3B.

It is clarified that as return in Course GSTR-3B do not comprise provisions for reporting of differential figures for past month(s), the said figures may be reported on n et basis alonm with the values for electric current calendar month itself in appropriate tables i.e. Table No. three.ane, 3.2, four and 5, every bit the case may be.

Information technology may be noted that while making adjustment in the output revenue enhancement liability or input tax credit, there can be no negative entries in the Class GSTR-3B. The amount remaining for adjustment, if any, may be adjusted in the return(south) in FORM GSTR-3B of subsequent month(south) and, in cases where such aligning is non feasible, refund may be claimed.

Where adjustments have been made in Class GSTR-3B of multiple months, corresponding adjustments in FORM GSTR-i should also preferably be fabricated in the corresponding months.

Page Contents

Mistakes in GSTR-3B:
Common Errors Types in GST Returns:
- - 1. Under-reporting of Tax Liability (Render filed)
  - two. Over-reporting of Liabilities
  - 3. Wrong-reporting of Liabilities
  - 4. Under-reporting of ITC
  - 5. Over-reporting of ITC
  - 6. Wrong-reporting of ITC
  - 7. Greenbacks Ledger wrongly reported ( But Stage 2 effected)

Mistakes in GSTR-3B:

Filing of GSTR-3B return is a four step process – Stage i – Confirmed Submission, Stage 2 – Cash Ledger Updated. Phase 3 – Starting time Liability, Stage 4 – Render filed. Before discussing virtually the errors, we must know the phase at which we want to right or modify the data in GSTR 3B

Stages	Procedure	Editing Selection	Remarks for stage
Phase ane	Submit	Bachelor	At this stage tax liabilities and inputs are confirmed and submitted
Phase 2	Greenbacks Ledger	Bachelor	Cash is added to the electronic cash ledger as per return liability
Phase 3	Commencement Liability	Not Available	All revenue enhancement liabilities are adapted with credit ledger and cash ledger.
Stage 4	Filing of Render	Not Available	Return is filed finally.

The return can be edited at Stage one and Phase two just. The return cannot be edited at stage 3 and phase four.

In that example, the adjustment can exist fabricated but in return of next month, as there is no provision to amend the GSTR-3B return after filing.

Now if the errors are known earlier offsetting and filing and so the same can be corrected by editing the respective liability side/input side etc. simply on the other side if the errors are known afterward the offsetting and filing of return and so in that case we demand to practise the following equally the circular suggest :

C ommon Errors Types in GST Returns:

i. Nether-reporting of Tax Liability (Return filed)

Liability may be added in the return of subsequent calendar month(s) later payment of interest. (Suppose in a certain month some sale bill missed to be reported and due to this while adding this sales amount to current month sales, liability will also get increased. The said liability volition have to be paid forth with advisable involvement amount. Under GSTR 3B additional sales figure will be added in bespeak no. 3.1 i.e. "Outward supplies and inward supplies on opposite accuse". Though in GSTR 3B where the said involvement can be shown is not explained so just payment can be made.).
If such liability was not reported in FORM GSTR-1 of the calendar month/quarter concerned, then such liability may be declared in the subsequent month's/quarter'southward Grade GSTR-i in which payment was made. (The tax liability along with interest considered in GSTR 3B can exist reconciled with GSTR i data).

two. Over-reporting of Liabilities

Liability may be adjusted in return of subsequent month(s) or refund may be claimed where aligning is not feasible. (Suppose if a neb was booked twice or some sales return transactions were missed to be considered then the aforementioned tin be adjusted with the current calendar month liability, if feasible otherwise refund can exist claimed. Under GSTR 3B over reported sales figure volition exist deducted from the full sales figure (if viable) from bespeak no. 3.1 i.due east. "Outward supplies and inward supplies on reverse charge".). It may be noted that while making adjustment in the output tax liability or input tax credit, in that location can be no negative entries in the FORM GSTR-3B.
Where the liability was over reported in the month'south / quarter's Form GSTR-i too, so such liability may exist amended through amendments under Table 9 of FORM GSTR-1.

3. Wrong-reporting of Liabilities

Unreported liability may exist added in the side by side calendar month'south render with interest, if applicable. Also, adjustment may be made in return of subsequent month(s) or refund may be claimed where aligning is non feasible. (Suppose interstate liability was shown every bit intrastate liability or liability was shown with low tax rate. Then said interstate liability or the balance tax liability has to be paid and earlier paid intrastate tax tin can be adjusted later on or tin can for claimed as refund.).
Such taxpayers will have to file for amendments by filling Table 9 of the subsequent calendar month'south / quarter'south Course GSTR-1.

4. Under-reporting of ITC

Input tax credit which was not reported may be availed while filing return for subsequent month(due south). (Suppose nosotros have missed to consider certain purchases then we tin consider the same in subsequent months purchase forth with input tax credit available. Under GSTR 3B in indicate no. four i.east. "Eligible ITC" Boosted ITC tin can be added. No, need for any action in GSTR two &3 equally the aforementioned is not effective currently.).
No action required in GSTR-1.

5. Over-reporting of ITC

Pay (through cash) / Reverse such over reported input tax credit with involvement in return of subsequent month (s). (Suppose if we have claimed more input tax credit and also utilized then we need to adjust or pay the same along with the applicable interest corporeality.)
No action required in GSTR-ane.

six. Wrong-reporting of ITC

Pay (through cash) / Contrary any wrongly reported input tax credit in return of subsequent month(due south).
For under reported input revenue enhancement credit, the same may be availed in render of subsequent month(s).
No action required in GSTR-1.

seven. Cash Ledger wrongly reported ( Only Stage two effected)

Add together cash under the correct tax head and seek cash refund of the cash added under the wrong tax head. (Suppose if we have deposited IGST into wrong caput (i.e. CGST head and SGST head) and so we have to deposit CGST and SGST and we can adjust the surplus IGST with future liability or can merits refund.)
No action required in GSTR-1

(Republished with Amendments. Amendments been made by CA Anita Bhadra)

Author Bio

Qualification: CA in Job / Business

Company: N/A

Location: New Delhi, IN

Fellow member Since: 28 Jun 2017 | Total Posts: ii

My Published Posts

Join Taxguru'south Network for Latest updates on Income Taxation, GST, Company Law, Corporate Laws and other related subjects.

Review us on Google

More than Under Goods and Services Tax

schultzcholove.blogspot.com

Source: https://taxguru.in/goods-and-service-tax/correction-rectification-amendment-gst-returns-gstr-3b-gstr-1.html