GSTR1 AND GSTR3B Difference

[Praveen Kumar]

GSTR-1 credit note not uploaded and GSTR-3B filed correctly rectified in GSTR-9 and GSTR-9C

There is no revenue loss govt

AI Summary

Forum Discusses GSTR-1 and GSTR-3B Discrepancies: Impact of Unuploaded Credit Notes on ITC and Tax Liability A discussion on a forum addresses discrepancies between GSTR-1 and GSTR-3B filings, specifically when a credit note is not uploaded in GSTR-1 but is rectified in GSTR-9 and GSTR-9C. It is noted that while there may be no revenue loss to the government, the reduction of tax liability due to discounts requires the recipient to reduce their Input Tax Credit (ITC). Participants agree that without proper documentation, such as a buyer's debit note, the seller's liability may not be reduced. Obtaining a declaration from the recipient about ITC reversal could be beneficial in legal proceedings.