Reason for difference between gstr 1 and 3b
Webb24 dec. 2024 · what is the reason for difference between GSTR 3B AND GSTR 1 and not match. it is compulsory to match both. 2 Replies Mondira Saha (GST) (3925 Points) … Webb14 aug. 2024 · While GSTR-3B is required to be filed instead of GSTR-3, there is no return which legally replaces GSTR-2. There is no provision of the CGST Act or the CGST Rules that provide for denial of claim of ITC in case of difference in …
Reason for difference between gstr 1 and 3b
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Webb26 nov. 2024 · Due date of GSTR 1 and GSTR 3B GSTR 1 Due Date- The due date of GSTR 1 return is based on the annual turnover, it can be monthly or it can be quarterly filing. … WebbThe main reason for the difference in the sales amount and output tax in 3B and GSTR1 is the; (i) Issuance of credit notes/ debit notes, (ii) the amendments made in the sales invoices, and (iii) some invoices which are disclosed in GSTR1 and not in 3B and vice versa. (inadvertently or by commission)
Webb9 mars 2024 · For matching Outward taxable supplies (other than zero rated, nil rated and exempted) reported in GSTR-3B with GSTR-1, our software uses this formula: GSTR-1 … Webb14 aug. 2024 · While GSTR-3B is required to be filed instead of GSTR-3, there is no return which legally replaces GSTR-2. There is no provision of the CGST Act or the CGST Rules that provide for denial of claim of ITC in case of difference in …
Webb21 mars 2024 · Some of reasons Difference or Gaps between 3B & GSTR-1: 1. One of the main reason of the difference is, wrong calculation of revenue & tax liability at the time of filling GSTR-3B For a large business organisation, it is very common to have difference in Actual turnover & the turnover recorded in books. Webbcenvat reversal, as the case may be, at the time of filing Form GSTR-3B, in reply to the notice. Some scenarios of differences and important tips to tackle the issues – a. Difference in liability declared in GSTR 3B and GSTR 1: Scenario- There may a case that there is a difference between GSTR 3B and GSTR 1 with respect to the liability amount.
Webb2 juni 2024 · Reason for Data Discrepancies under GST The supplier has declared the tax liability but ITC is not claimed in the GST return The supplier does not declare the tax liability but the recipient has claimed ITC in the GST return Data discrepancy between the liability declared and ITC claimed
Webb9 jan. 2024 · It noted that in some cases there may be a genuine reason for the difference between the details of outward supplies declared in GSTR-1 and those declared in GSTR … is florida a right to fire stateWebb5 okt. 2024 · Here are reasons for difference in GSTR-2A and GSTR 9 annual return: 1. GSTR-1 filed but not submitted by the supplier. GSTR-2A captures data from … s 788WebbIn case the supplier has not recorded the outward supplies in Form GSTR – 1, communication can be sent out to the supplier to ensure that the discrepancies are … is florida a sanctuary stateWebbWhat’s the difference between GSTR 1 and GSTR 3B? GSTR 1 is a return of reporting. It is filed by the taxpayers either monthly or quarterly. This return indicates your return on … s 766b corporations actWebb5 dec. 2024 · If a company files GSTR-1 after the due date, then it has to pay the penalty of INR 200 per day (INR 100 each for SGST & CGST). However, if a company files GSTR … s 772 fair work actWebb12 mars 2024 · The GSTR-3B is a summarised return form while GSTR-1 is a reporting of all output invoices and taxes on them. It was originally envisaged that GSTR-3B and … s 77 family law actWebb29 mars 2024 · GSTR-3B vs GSTR-1: Comparison. Settlement of GSTR-1 with GSTR-3B is required: Save penalty and interest with regard to the lesser payment of tax. Determine if … s 77 transfer of land act