Correction of Turnover amount and type of supply in Annual Return
Current situation: Total Turnover 821 Lac, treated as intra state supply and 49 each paid as sgst/cgst in 3B during FY 17-18.
Issue: Invoice value taken as taxable value of supply. Correct Taxable value 733 and is an inter state supply where igst of 88 shouldve been paid. Total Invoice Value 821 Lac (733+88)
Query:
1. I intend to show the correct taxable value of supply in Table 4 of GSTR9. Do i need to amend any other Table apart from Table 4. I am not sure if i should amend the tax payable column of Table 9.
2. For correct payment of IGST 88 lac, can I account for the ITC(SGST/CGST) that was used in payment of SGST/CGST tax liability and pay the balance using DRC03 or do I have to pay full 88 lac. Refund will be applied for the cash ledger utilized in payment of tax under the wrong head.
Kindly advice on above two cases. I thank you in advance.
Asked 4 years ago in GST
Thank you Miss Payal and Mr.Moo for the quick response. Kindly suggest for Query no 2 if I can adjust ITC before paying correct tax of IGST, or I have to pay the full tax amount. What happens to the ITC utilized while paying tax in 3B. is there a process to claim re-credit of it or I can account for it before I pay my IGST and pay the balance of tax due after such adjustment. Thank you
Asked 4 years ago