Question ID : 36878

Missed sale of f.y. 17-18 shown in 3B & GSTR-1 & Interest on GST Liability

I am showing some of my B2C sale related to f.y. 2017-18 in the 3B return period of September 2018 (by virtue of not. no. 26/2017) as this came to knowledge in Tax audit process, though i have excess ITC than Outward tax Liability in each and every month from july 17 to sept. 18 do i need to pay interest on the tax payable on sale related to f.y. 2017-18 .. ?? (Portal don't automatic calculate interest as there is excess ITC) Further where should i show such missed sale in GSTR-1 of September 2018 ?? 1. In amendment table-10 of GSTR-1 by amending respective month's sale of f.y. 2017-18 or should show in normal B2C Table-7 (of GSTR-1) September 2018 along with September 2018 itself sale...???

Answer ID : 76032

It has to be shown in amendment of B2C table. With respect to interest liability, the answer is not straight forward. Since there is delay in declaring an outward supply, it is advisable to pay the interest (even though there was sufficient credit available for set off). This shall be in accordance with Section 39(9), Section 50 as well as notif. no. 26/2017 which you have referred in your query.

Answer ID : 76037

As per GSt Law amendment in return can be done before due date of September month Return or Annual Return whichever is earlier. But system allows the amendment in Sep 2018 GSTR-1 till now. So you can amend it through B2C Amendment column in GSTR-1.

Answer ID : 76111

its better to show as amendment if sale of particular state is shown earlier, if not shown earlier then show it next due GSTR1

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