GST Refund

[Ranjith Reddy]

One of our client has exports and domestic sales for Finanacial year 2017-18. The client has missed out to disclose export turnover in their GSTR-3B, however they have disclosed the same in GSTR-1. Now client wants to file refund under inverted duty structure, my query is whether there will be any issues pertaining to non disclosure of export turnover in GSTR- 3B.

AI Summary

Client Seeks Refund Despite Missing Export Turnover in GSTR-3B; Annual Return May Correct Discrepancy for 2017-18. A client failed to disclose export turnover in their GSTR-3B for the financial year 2017-18 but did so in GSTR-1. They seek a refund under the inverted duty structure and are concerned about potential issues due to this omission. It is clarified that while GSTR-1 details outward supplies, GSTR-3B is a summary of transactions and is crucial for refund claims. The annual return offers a chance to correct discrepancies, and if it aligns with the books and GSTR-1, the refund claim should not be rejected. The client has already filed the refund application and is advised to proceed optimistically.