TURNOVER MISMATCH

[VIGNESH]

SIR. In the month of march 2021 sale of ₹ 20.00 lakhs reported in GSTR-1, but by mistake Turnover was reported in GSTR-3B as 2.00 Crores but Tax amount correctly given for 20.00 lakhs ONLY, how to rectify this error! Reporting the same in Annual Returns is Sufficient?

AI Summary

Company's GST Filing Error: Correcting Turnover Mistake in Annual Return Sufficient, No Extra Forms Needed A company reported a turnover error in its GST filings for March 2021, showing 2 crores in GSTR-3B instead of the correct 20 lakhs, though the tax amount was accurate. Experts advised that correcting this in the annual return would suffice, as it serves as a reconciliation statement. Some suggested notifying the department with a letter for additional clarity. Another participant shared a similar issue, asking if annual return correction was adequate and whether it necessitated filing GSTR-9C. The consensus was that a disclosure in the annual return is sufficient, with no need for additional forms unless required by specific circumstances.