AMENDED OF B2C LARGE INVOICE IN TO B2B IN GSTR1

[KERAGODEGOPALARAO ANANTHARAO]

IN THE MONTH OF JAN 2025 THERE WAS INVOICE OF AMOUNT RS 555450 WAS UPLOADED IN B2C LARGE INVOICE. LATER .CAME TO KNOW THAT IT IS B2B. HOW TO RECTIFY THIS MISTAKE.

[Sadanand Bulbule]

 Refer Issue Id: - 118936 Dated: 12-1-2024 for discussion held on similar subject.

[YAGAY andSUN]

Sure, here's how you can handle this in simple terms:

In January 2025, an invoice worth ₹5,55,450 was wrongly reported under B2C (Large) in your GSTR-1 return. Later, it was found that this invoice was actually meant for a B2B customer, meaning the buyer had a GSTIN and was eligible for input tax credit.

Here's how you can fix this mistake:

1. Amend the Invoice in GSTR-1 of a Later Month:
   In any GSTR-1 return after January (say, in February or March), you can go to the “Amendments to B2C (Large)” section and select the month as January 2025.

2. Correct the Details:

   • Mention the original B2C Large invoice details.

   • Update it with the correct GSTIN and buyer details under B2B category.

3. Upload as a Fresh B2B Invoice:

   • After amending the B2C Large invoice, you will now upload the correct invoice again under B2B, so that the buyer can claim the credit.

This way, the mistake gets corrected, and your buyer will also see the invoice in their GSTR-2A/2B for input tax credit. No need to panic—such corrections are allowed in the return of any subsequent month within the same financial year (or latest by November of the next financial year).

*** 

[Ganeshan Kalyani]

Refer Issue id 119146 dated 08.06.2024.

AI Summary

B2B Invoice Correction: Rectify Large Transaction Details in GSTR-1 Return for Accurate Tax Credit Claim A B2C large invoice for Rs. 555,450 was incorrectly filed in January 2025. To rectify the mistake, the invoice can be amended in a subsequent month's GSTR-1 return by updating the details to B2B category, including the correct GSTIN. The corrected invoice should be uploaded under B2B, allowing the buyer to claim input tax credit within the same financial year.