What to do if your last GSTR-3B has errors?
Made an error in GSTR-3B Yesterday was the last date to file your GSTR-3B for September 2018.
This was also the last opportunity to claim any leftover ITC, or report sales missed earlier or make sure those who sell to you have reported it properly. In case you’ve committed a mistake in filing this GSTR-3B, the only thing that you can do right now is make sure the errors are taken care of while filing your GSTR-1. You must also deposit any additional tax dues with 18% interest. Still facing issues with understanding how to go about this?
Situation 1 – How to revise the GSTR-3B return for error/mistakes done while furnishing in GSTR-3B?
As stated above, GSTR-3B can not be revised. Simply there is no option for revision. Although now user can reset GSTR-3B which is submitted but not filed. This option is recently started. But there is nothing you can do in GSTR-3B once filed.
So therefore the only solution is to file the GSTR-1 and GSTR-2 correctly. If you had reported less sales or more purchases and thus paid less GST then you has to pay difference GST along with interest at the rate of 18% while filing GSTR-3. And if you had paid more GST due to reporting of more sales or less purchases then the difference amount of GST is credited to your electronic credit ledger. (Off course without interest)
Situation 2 – What if the payment of IGST is made instead of CGST and SGST?
Cash balances of IGST, CGST and SGST cannot be adjusted between themselves. In other words, cash payment made for one type of GST can be used only for liability of that type.
This problem arises mainly in cases where a person is purchasing goods from outside state and selling within state, In such cases sometimes person calculates its tax liability and divide it by two to calculate liability for CGST and SGST. Person forgets that IGST is first set off from CGST and then from SGST.
If a person has made such excess payment of CGST and unable to use that due to IGST input tax credit then such person needs to take refund of CGST. Same for SGST and IGST in any other case.
Situation 3 – If inward details is wrongly entered in reverse charge column
There is no need to pay any additional tax amount. You should correct the details in GSTR-1 and GSTR-2 only. Once the details are corrected in GSTR1 and GSTR2 the additional tax liability shall be automatically updated.
Situation 4 – What to do if output tax becomes less than what has already been paid?
If the total GST liability of the registered person is less than the output tax liability mentioned in GSTR-3B then the additional tax paid shall be adjusted with the liability of the next month.
Situation 5 – What if a person has not filed the GSTR-3B for any reason?
Late fees for GSTR-3B for month of July, August, September has been waived off and also there is no limit on such waive. Therefore is a person has not filed GSTR-3B but filed GSTR-1, GSTR-2 and GSTR-3 then it is sufficient.
But GSTR-3B of next month can not be filed till filing of such return for all previous months. And GSTR-1 date has been extended for July and GSTR-2 date is in February. So you can not file GSTR-3B for the month of October at least till March. And late fees amounts to Rs. 50 per day from month of October.