Sunday, March 11, 2018

GST :- ADDITION OR ALTERATION IN SUBMITTED GST RETURNS,GSTR1 ETC.

Friends,  Now there is no question regarding submission of GST returns.  Too many GST returns have been submitted in India. Every person like businessman or consultant is aware regarding procedure of GST returns.  

Now,  after submission returns,  it is pertinent to mention here that there are many errors have been left in returns due to human problems.   Lot of persons are  aware that corrections in GST returns is required time to time.

There are two types of corrections required :-
1.  Add Detail.
2.  Modify  / Correction in submitted Data

Add :-  In case you have submitted your GSTR1 upto Jan 2018 and know it has come to notice that you have not submitted one B2B invoice in the month July, 2017.   You can add  Invoice  related to July, 2017  while submitting GSR1 return of the month Jan 2018 mentioning all details like Invoice No and Invoice Date of July, 2017.

Modify / Correction Data : -  Government has provided a word "Amendment" for making correction in GST returns.  User can use Amendment feature in the current return  for correction of previous months returns. If  B2B old invoice is required to modify,  then same invoice number can not be used for modified invoice. i.e.  Old Invoice Number is 2000, New Invoice Number May be 2000A etc. It means Unique Invoice numbers will be maintained in GST portal in a Financial Year .


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