TaxTMI 
TaxTMI 
IN GSTR-1 VALUE FOR 10 LAKHS WRONGLY ENTERED 10 CRS. IT IS NIL RATED SUPPLY HOW WE NEED REDUCE THE VALUE
GSTR 1 NILL RATE SUPPLY VALUE WRONGLY ENTERED NEED REDUCE THE VALUE
11 Feb 2024 
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GSTR-1 correction: disclose accurate nil-rated supplies in annual return and notify tax authorities when amendment unavailable.
Erroneous overstatement of nil-rated supplies in GSTR-1 cannot be amended via an amendment table; the taxpayer should disclose the correct amount in GSTR-9 and notify the tax authority-either through a DRC form if issued for GSTR-1 v GSTR-3B differences or by submitting a written intimation with acknowledgment for the record. (AI Summary)
Erroneous overstatement of nil-rated supplies in GSTR-1 cannot be amended via an amendment table; the taxpayer should disclose the correct amount in GSTR-9 and notify the tax authority-either through a DRC form if issued for GSTR-1 v GSTR-3B differences or by submitting a written intimation with acknowledgment for the record. (AI Summary)