GSTR 1 VS GSTR3B FY 2019-20

[giri gattupalli]

respected sir,

one of my client turnover (net sales) during fy 2019-20 was 1,15,0000. FORM GSTR-9 is is optional. so i have not filed. now i want to file GSTR-9 gst network is not asking for late-fee now. my doubt is ' is there any chance to receive notice asking late fee by proper officer'.in future please discuss

thanking you

=

[KASTURI SETHI]

Common portal system will 'command' to deposit late fee. There was circular/notification to the effect that it will be deemed to be filed, if not filed within stipulated period (for below limit). But the Common Portal will not allow to file without late fee now.

[giri gattupalli]

thank you sethiji for your valuable opinion. actual case is during FY 2019-20 ,while filing form GSTR-1 excess declaration of out put tax liability amounting to Rs 2,00,000 is took place due to clerical mistake.now i have received notice regarding that.net sale and out put tax declared in FORM GSTR-3B is actual and the very same turnover is reported in income tax also.and audited p&l available.in fact excess liability mistakenly declared in FORM GSTR-1. FORM GSTR-9 not filed .please suggest me how to deal with.

thanking you

[Shilpi Jain]

In such a scenario, you can file a manual copy of GSTR-9 to the department.

Alternatively, you can also make an intimation letter to the department explaining the difference along with the reasons. It is not necessary that you have to file GSTR-9 online.

[giri gattupalli]

thank you madam. please continue the discussion

[Mr Rao]

Dear sir,

You have to give factual report to your jurisdictional officer with appropriate evidence. You can reconcile your sales with reference to invoices, bank receipts etc., and submit the same to jurisdictional officer to prove your point.

[KASTURI SETHI]

I support the views of both experts.

[giri gattupalli]

thanks to all for your valuable suggestions.this discussion is a very good exposer for me to learn subject.

thank you

giri

AI Summary

GST return reconciliation: resolve return mismatches by submitting reconciled records and an intimation to the tax officer. Taxpayer should prepare a factual reconciliation supported by invoices, bank receipts and audited accounts to explain the excess output tax declared in the transactional return; submit this reconciliation and evidence to the jurisdictional officer or file a manual copy of the annual return or a written intimation to establish the correct position and reduce risk of a notice, noting the portal may require late fee payment.