GSTR -1 VS 3B

[giri gattupalli]

respected sir ,

dealers are getting GSTR-1 VS GSTR-3B notices frequently in these days. excess declaration of out put tax in FORM GSTR-1, when compared to GSTR-3B is giving scope to issuing of notices by proper officer. in this scenario i like to know some valid points from our group eminent minds.

1. as per GST ACT-2017 whether Form GSTR-1 got more leagal weight or GSTR-3B. in this regard ,if there is any rule or circular or judgement or some thing available , please share.

2.is there any time limitation for making amendments to FORM -GSTR-1 ,to reduce excess liability which is wrongly declared.

3.whether submission of audited profit & loss account is enough to establish genuinity of our net-sales declared in form GSTR-3B

4.as our turnover is below two crores , FORM --GSTR-9 is optional and we have not filed for FY 2019-20. if not filed as per provisions it is deemed to be filed... and now we have received notice for excess declaration of out put tax in dec-2019. but we filed audited statement with income tax department with actual turnover of books of accounts which tally with FORM GSTR-3B filed..

please discuss and guide me with participation in discussion

thanking you

giri

AI Summary

Return self-assessment: GSTR-3B treated as self-assessed tax return requiring reconciliation of GSTR-1 discrepancies with supporting evidence.
Both returns must reconcile with statutory books of account; GSTR-3B is the self-assessed monthly return reflecting tax payable and is the operative statement for liability. Audited financials and ITR are not automatically sufficient to establish GSTR-3B figures; taxpayers should amend GSTR-1 where appropriate, justify differences to the tax department, and submit supporting evidence including a CA certificate verifying supply values and tax liability.