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

Mistaken Nil GSTR-3B Filing: Rectification Steps via Rule 88C & FORM GST DRC-01B, Pay with Interest Under Section 50 A user mistakenly filed GSTR-3B as nil despite having invoices in GSTR-1 and sought advice on rectifying this. The response suggested referring to Rule 88C of the CGST Rules, 2017, and FORM GST DRC-01B. Options include paying the tax liability with interest under Section 50 of the CGST Act, 2017, using FORM GST DRC-03. If the department does not issue a notice before the next return, the liability can be disclosed and paid with interest in the subsequent return. Interest is calculated at 18% per annum on the outstanding tax from the due date until payment.