GSTR 3 B FILED NIL BY MISTAKE WHAT TO DO

[venkata rao]

I have filed GSTR-1 with invoices and by mistake GSTR-3B FILED, What can I do.

KV RAO

[Amit Agrawal]

A. Kindly refer to Rule 88C of the CGST Rules, 2017 read with FORM GST DRC-01B.

B. One of the option available to you is to pay tax liability, along with interest under section 50 of the CGST Act, 2017, through FORM GST DRC-03.

C. If Dept. does not issue you notice (under Rule 88C) till filing of your next return, you can disclose this outstanding liability in next return and pay the same with interest u/s 50. This is as per facility given in Section 39 (9).

D. Kindly note that interest u/s 50 will be payable (@18% p.a., calculated on per day basis) on gross outstanding tax liability from due date till actual date of its payment. Kindly refer to Section 50(1) read with Rule 88B.

These are ex facie views of mine and the same should not be construed as professional advice / suggestion.

AI Summary

GST return correction: pay outstanding tax via prescribed payment procedure or disclose in next return, interest applies. Taxpayers who mistakenly filed GSTR 3B despite reporting in GSTR 1 should either voluntarily pay the outstanding tax and interest through the prescribed recovery/payment form under the Rules, or, if no notice is issued by the department under the recovery rule before the next return, disclose the liability in the subsequent return and pay tax with interest. Interest is payable on the gross outstanding tax liability from the due date until payment, calculated on a per day basis as prescribed.