Exempted T.O not Reported

[VIGNESH]

Sir. Exempted TO was not reported in GSTR 1 for one financial year 2021-22, can i show the same in Annual returns. Will the department accept!

[KASTURI SETHI]

Yes. One of the purpose(s) of Annual Return is reconciliation. If any person rectifies its mistake on one's own, it shows the tax payer's bona fides. You will have to rectify.

[VIGNESH]

Thank u. Guru Ji

[Shilpi Jain]

Can be shown in GSTR-9 for sure. In cases where filing GSTR-9 is optional, such assessees could file an intimation letter in this regard instead of filing GSTR-9 to disclose the missed exempt turnover.

[Ganeshan Kalyani]

Yes you can show the missed out turnover in the annual return.

AI Summary

Exempt turnover disclosure: missed exempt supplies may be reported in the annual return or by intimation when filing is optional.
Missed exempt turnover may be regularised by disclosure in the Annual Return as a reconciliation step; voluntary correction evidences the taxpayer's bona fides. If filing the annual return is optional, the taxpayer may instead submit an intimation letter to disclose the omitted exempt turnover, achieving rectification without the annual return form.