Previous Year omitted inc declared C y GSTR1 and payment there of

[V Rajalakshmi]

One of my client had missed declaring one of the inv of P y 2021-22 which has been included in April 2022 GSTR-1 , the question is whether the payment made in the cash ledger relating to such inv to be adjusted in 3B return of April 2022 or it should be adjusted thru DRC 03 ? Is there any chance that the department may issue a notice in the future that there is a mismatch between GSTR-1 and GSTR 3B .

AI Summary

Missed Invoice for 2021-22: Adjust in GSTR-3B with Interest or Use DRC-03? Avoid Tax Notice Risks. A client missed declaring an invoice for the previous financial year 2021-22, which was included in the April 2022 GSTR-1. The query is whether to adjust the payment in the April 2022 GSTR-3B or through DRC-03, and whether this could lead to a notice from the tax department for mismatches. One expert suggests adjusting through GSTR-3B for safety and paying interest to avoid a show-cause notice. Another agrees but notes DRC-03 is an option if liabilities are paid after September. A third expert advises against declaring previous year liabilities in the next year's GSTR-3B due to potential future rule changes.