Gst Return-3B

[sanjeev batra]

How can we rectify our previous financial year mistake in a current financial year if turnover is under or over reported or wrong reporting of tax in gst return 3B ?

[DR.MARIAPPAN GOVINDARAJAN]

GSTR-3B is provisional one in my view. So you may adjust in the current month GSTR 3B. However when the regular return is coming interest will be payable if the tax is short paid.

[SHIVKUMAR SHARMA]

Please Refer Circular 26/26/2017-GST Dtd.29.12.2017 Issued by Commissioner GST.

AI Summary

GSTR-3B adjustments permit correcting prior GST reporting but interest applies on any short payment when reconciled.
Adjust prior-period under or over reporting by reflecting corrections in the current-month GSTR-3B; any short payment identified on filing the regular return will attract interest. Follow administrative guidance and relevant Commissioner circulars when reconciling provisional and regular returns.