ITC RECONCILE BETWEEN RETURN 3B AND GSTR 1 FOR 17-18

[nandankumar roy]

DEAR SIR,

WHILE GONG THROUGH RECONCILE BETWEEN RETURN 3B AND GSTR 1 FOR 17-18 FOLLOWING ITC MISMATCH FOUND IN TOTAL TILL FEBRUARY ARE AS UNDER:

IN GSTR1 LESS COMPARE TO 3 B RETURN IN IGST RS -11930 AND IN CGST AND SGST RS -5459 EACH NOW PL HELP TO HOW TO ADJUST IN MARCH'18 RETURN. IF ANY DISCRIPANCY WILL CREATE PROBLEM AT THE TIME OF AUDIT AND FOR THAT PL PROVIDE WHAT TO DO IN MARCH RETURN AS WELL AS MARCH HSN SUMMARY EFFECT ALSO.

REGARDS,

N K ROY

9427181604

AI Summary

Reconciling GST Returns: Address Discrepancies Between GSTR-3B and GSTR-1 for 2017-18 to Avoid ITC Mismatch Issues. A discussion on reconciling discrepancies between GST returns GSTR-3B and GSTR-1 for the financial year 2017-18 highlights an ITC mismatch. The forum participants advise addressing these discrepancies before filing the March return to avoid issues during audits. Suggestions include rectifying errors in subsequent returns or through the Annual Return. Participants stress the importance of ensuring figures match to avoid filing issues and suggest consulting jurisdictional officers or grievance cells if necessary. The discussion also touches on the flexibility of amendments before filing the Annual Return and the impact of potential changes in accounting periods.