Turnover exceeds GSTR3B Returns Turnover

[Shambhavi Nayak]

While preparing the profit and loss due to one wrong entry of accountant the taxable turnover exceeded the GSTR 3 B Turnover.

This was a clerical error while passing entry of Purchase return Invoice value he passed sales return entry and hence the effect increased the turnover. In the transaction no tax involved.

The seller party has uploaded credit note in GSTR site and the Tax has been reversed in GSTR 3B

[KASTURI SETHI]

What is your specific query ?

[Shambhavi Nayak]

Observation No.4:

Verification of P & L Account and Bo-web, comparison of outward supply turnover declared in P & L Account and GSTR-3B shows the short payment of tax in GSTR-3B compared to P & L Account. The details are as under:

Tax Period	Taxable value declared in P&L Account	Taxable value declared in GSTR-3B	Differential Value
2021-22	96,62,49,772	96,23,12,199	39,37,573

[Shambhavi Nayak]

Reply:

As per 9 & 9C turnover declared is shown in the below mention table

B2C	3,66,87,293.57/-
B2B	93,18,43,481.90/-
TOTAL	96,85,30,775.47/-
Credit Note	28,22,281.10/-
Debit Note	1194/-
TOTAL	96,57,09,688.37/-
Less : Super Tiles & Sanitary ware	21,44,527/-
GARND TOTAL	96,35,65,161.37/-
Super Steels Turn over as per GSTR 9	96,57,09,688.37/-
Difference	21,44,527/-

During the month of November 2021 M/s Sahanu Sponge & Power Private Limited GSTIN 30AAJCS0723L1ZJ ON 02.11.2021 sent a load of materials as mentioned below.

Invoice No	Date	Qty	Taxable value	IGST	Invoice Value
1853	02-11-2021	34.970 MT	18,63,901	3,35,502	21,99,403

Due to quality and delay in supply we rejected the load and informed them to take back the consignment. They agreed and issued an credit note 97 dated 03-11-2021 for the said value of Rs.21,99,403 and uploaded the same in GSTIN portal for the month of November 2021 and the Tax amount was reduced in GSTR 3B of ours for the month of November 2021.Later for accounting purpose our Accountant passed a Debit Note entry for entire tax invoice value in our books by mistake he posted the entry in sales return instead of Purchase return which ended up with additional turnover of Rs.21, 99,403 in our books of account and while Tax Audit also it was un noticed and due to which turnover in Books & Profit & loss amount of Rs.21, 99,403 was found.

AI Summary

GST turnover reconciliation: clerical sales-entry error corrected through credit note and GSTR-3B reversal, avoiding tax liability. A clerical accounting error caused taxable turnover to exceed the GSTR 3B because a purchase return was recorded as a sales return; no tax was involved and the supplier uploaded a credit note with the tax reversed in the GSTR 3B.