GSTR 1 NILL RATE SUPPLY VALUE WRONGLY ENTERED NEED REDUCE THE VALUE

[PN ELAMPARRUTHY]

IN GSTR-1 VALUE FOR 10 LAKHS WRONGLY ENTERED 10 CRS. IT IS NIL RATED SUPPLY HOW WE NEED REDUCE THE VALUE

AI Summary

Participant to Correct GSTR-1 Error in GSTR-9; Inform Tax Department via DRC Form or Letter for Acknowledgment. A participant reported an error in their GSTR-1 filing, where a nil-rated supply was incorrectly entered as 10 crores instead of 10 lakhs. An expert advised that since GSTR-1 lacks an amendment table, the error should be corrected in the GSTR-9 filing for the fiscal year. Meanwhile, the participant should inform the tax department about the mistake, either through a DRC form issued for discrepancies between GSTR-1 and GSTR-3B or via a formal letter, ensuring acknowledgment for record-keeping.