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Reason for difference between gstr 1 and 3b

Webb9 jan. 2024 · The CBIC has said that erring business will get 'reasonable time' to explain reasons behind the mismatch in turnover reported in sales return GSTR-1 and tax payment form 3B before... Webb9 jan. 2024 · The indirect tax body further said in some cases there may be a genuine reason for the difference between the details of outward supplies declared in GSTR-1 …

Guidelines for recovery for self-assessed tax (GSTR 1 vs GSTR 3B)

Webb29 juni 2024 · The matching of the details of e-Way Bills and the Tax paid in GSTR-1 brings clarity & increases the accuracy of the GSTR-1 filling, & consequently GSTR-3B & GSTR … WebbFör 1 dag sedan · Pleased to share that my article 'GSTR-1 and 3B mismatch - Rule 88C perspective' vetted by CA Shubham Khaitan has been published as a featured article on … hci tech mahindra https://dlwlawfirm.com

Reconciliation between GSTR-3B and GSTR-1 Blog

Webbcenvat reversal, as the case may be, at the time of filing Form GSTR-3B, in reply to the notice. Some scenarios of differences and important tips to tackle the issues – a. Difference in liability declared in GSTR 3B and GSTR 1: Scenario- There may a case that there is a difference between GSTR 3B and GSTR 1 with respect to the liability amount. WebbThe main reason for the difference in the sales amount and output tax in 3B and GSTR1 is the; (i) Issuance of credit notes/ debit notes, (ii) the amendments made in the sales invoices, and (iii) some invoices which are disclosed in GSTR1 and not in 3B and vice versa. (inadvertently or by commission) Webb14 aug. 2024 · While GSTR-3B is required to be filed instead of GSTR-3, there is no return which legally replaces GSTR-2. There is no provision of the CGST Act or the CGST Rules that provide for denial of claim of ITC in case of difference in … eszi kollégium

Mismatch Between GSTR 1 And GSTR 3B? Rectify As Early As …

Category:Self-assessed Tax Recovery for Mismatch in GSTR 1 vs 3B Returns

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Reason for difference between gstr 1 and 3b

Difference or Gaps between 3B & GSTR-1 & their resolution

Webb30 maj 2024 · The GSTR-3B is an encapsulated return form whereas GSTR-1 is a reporting of all output invoices and taxes on them. GSTR 1 is an individual invoice level reporting … Webb16 maj 2024 · With effect from January 01, 2024 mismatches between GSTR 1 and GSTR 3B can have an impact on your working capital. GST officers can initiate various …

Reason for difference between gstr 1 and 3b

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Webb21 mars 2024 · Some of reasons Difference or Gaps between 3B & GSTR-1: 1. One of the main reason of the difference is, wrong calculation of revenue & tax liability at the time of filling GSTR-3B For a large business organisation, it is very common to have difference in Actual turnover & the turnover recorded in books. Webb20 sep. 2024 · Answer (1 of 4): Whenever the time limit for furnishing of details in FORM GSTR-1 (Outward Supply) under section 37 and in FORM GSTR-2 (Inward Supply) under …

Webb25 juni 2024 · Pertinently, GST law does not mandate furnishing of information relating to E-Way Bill in any return or statement (GSTR-1, GSTR-3B or Annual Return). Accordingly, taxpayers can legally contest … Webb1 nov. 2024 · GSTR-3B is the consolidated return in which a registered taxpayer shall declare their aggregate value of outward supplies (whether taxable/zero rated/non GST/ …

Webb26 nov. 2024 · Due date of GSTR 1 and GSTR 3B GSTR 1 Due Date- The due date of GSTR 1 return is based on the annual turnover, it can be monthly or it can be quarterly filing. … Webbhis FORM GSTR-1, due to which the said supply does not get reflected in FORM GSTR-2A of the said registered person. d. Where the supplier has filed FORM GSTR-1 as well as …

Webb29 mars 2024 · GSTR-3B vs GSTR-1: Comparison. Settlement of GSTR-1 with GSTR-3B is required: Save penalty and interest with regard to the lesser payment of tax. Determine if …

eszik rokonértelmű szavakWebb28 feb. 2024 · GSTR 3B new format is simple and oriented toward the taxpayers so it becomes easy for them to file the taxes appropriately. The following sections make up … eszik jánosWebbAdvantages of ClearTax GSTR-3B vs GSTR-1 Tax Comparison Report Download GSTR-1 and GSTR-3B anytime across months to start comparing data. Verify GST login once … eszi krétaWebb9 jan. 2024 · "If the concerned person is able to justify the differences between GSTR-I and GSTR-3B, or is able to explain the reasons of such short-payment or non-payment of tax, to the satisfaction of the proper officer, or pays the amount such short paid or not paid, then there may not be any requirement to initiate proceedings for recovery under section … esziköWebbOn comparing details of outward supplies furnished under Form GSTR-1 and Form GSTR 3B On comparing details of inward supplies reflecting in the Form .GSTR-2B with the Form GSTR-3B Any other analysis He can issue form GST REG-31 for intimating such discrepancies to the taxpayer. eszi menzaWebbWhat’s the difference between GSTR 1 and GSTR 3B? GSTR 1 is a return of reporting. It is filed by the taxpayers either monthly or quarterly. This return indicates your return on … hc itu apaWebb24 dec. 2024 · what is the reason for difference between GSTR 3B AND GSTR 1 and not match. it is compulsory to match both. 2 Replies Mondira Saha (GST) (3925 Points) … eszinhaz