what is the procedure to reconcile with 3B and also if any month no transaction how can it be inserted in 3B return? If there was any mistake in 3B return either outward supply or input tax credit.
Have any extended of time for filing a 3B return
Buddha deb Das
Dear Buddhadeb Das,
- What is the procedure to reconcile with 3B: We need to manually make reconciliation statement in excel and reconcile the figure disclosed in Books of Accounts, GSTR-3B and GSTR-1.
- If in any month no transaction how can it be inserted in 3B return: If there are no transactions in any month then nil return needs to be filed.
- If there was any mistake in 3B return either outward supply or input tax credit.; If there was any mistake in GSTR-3B filed we need to correct the same in the next month Gstr-3B return. Any short payment of tax or excess availment of ITC needs to be adjusted along with applicable rate of interest.
Note: For reconciliation in excel you can mail us at arpan.bohra@gmail.com and will provide you the same.
Regards - CA CS Arpan Bohra
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