Excess tax paid in Form GSTR-3B of F.Y.2017-18 and F.Y.2018-19. Effect of both years are not shown in Form GSTR-3B of F.Y.2018-19

Excess tax paid in Form GSTR-3B of F.Y.2017-18 and F.Y.2018-19. Effect of both years are not shown in Form GSTR-3B of F.Y.2018-19

Herewith I giving with an example for your better understanding.

Illustration-5.

“ M/s. Sri Srinivasa Industrial Corporation, Mumbai ” doing business in Machinery and machinery spare, etc., They had an outward supply of goods worth of Rs. 80,000/- as per books for the F.Y.2017-18. The rate of tax is 18 @ % and Tax due to Rs 14,400/-. They have filed GSTR-3B and mentioned his outward supply of goods by mistake worth of Rs.1,20,000/- and paid tax @18% of Rs.21,600/- for the F.Y. 2017-18.

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Wrongly paid GST can be shifted to correct head

In the year of 2018-19, he had an outward supply of goods worth of Rs.1,30,000/- as per books and the GST rate is @18%, and liable to pay the GST Tax of Rs.23,400/- He was filed GSTR-3 B and mentioned in GSTR-3B Outward supply of goods worth of Rs.1,40,000/- and paid GST Tax @18% of Rs.25,200/- as per GSTR-3B. Now we have to prepare a statement for how much he has to show in GSTR-9 and the impact of GSTR-9C for the year 2018-19.

Ans: 2017-18

Year	Table	Description	Amount in Rs.
2017-18		As per books of accounts Outward Supply of Goods	14,400
		As per GSTR-3B Outward supply of Goods	21,600

 

GSTR-9 17-18 presentation:

Table-4	Detailed of advances, inward and outward supplies made during the financial year on which tax is payable.	21,600
Table -9	Tax payable for the F.Y.	21,600
Table-9	Tax paid as per Form GSTR-3B	21,600
Table-10	Supplies/tax declared in next financial year through Amendments(+) (net of debit notes)	–
Table-11	Supplies/tax declared in next financial year through Amendments(+) (net of credit notes)	7,200
Table-14	Differential tax paid on account declaration in table-10 & 11	–
Imp. Note	Refund of 17-18 to be claimed after filing Form GSTR-9of 18-19	7,200

2018-19: Presentation:

Year	Table	Description	Amount in Rs.
2018-19		As per books of accounts Outward Supply of Goods	23,400
		As per GSTR-3B Outward supply of Goods	25,200

GSTR-9 of 2018-19.

 

Table-4	Detailed of advances, inward and outward supplies made during the financial year on which tax is payable.	23,400
Table-9	Tax payable	23,400
Table-9	Tax paid as per Form GSTR-3B	25,200
Table-10	Supplies/tax declared in next financial year through Amendments(+) (net of debit notes)	–
Table-11	Supplies/tax declared in next financial year through Amendments(+) (net of credit notes)	–
Table -14	Differential tax paid on account declaration in table-10 & 11	–
Imp. Note.	Refund of 2017-18 to be claimed after filling GSTR-9 of 2018-19	1,800

 

Total 2017-18 plus 2018-19 years :

•  Outward supplies as per books: Rs.37,800/-
•  Outward supplies as per 3B plus DRC-03-Refund: Rs.37,800/-
• GSTR-9-(Table-4/Table-9 plus Table 10 minus Table11): Rs.37,800/-

How to show the above short payment of output tax of F.Y 2017-18 in GSTR-9C for the F.Y 2018-19 and what is the impact on GSTR-9C of F.Y. 2018-19.

Form GSTR-9C relevant Colum’s: 2018-19.

Table -5A	Turnover (including exports) as per audited financial statements for the State/UT ( for multi-GSTN units under the same PAN the turnover shall be derived from the audited annual financial statement)	23,400
Table-5O	The difference of F.Y.2017-18 (Adjustments in turnover due to reasons not listed above)	–
Table-5 P	Reconciliation of gross turnover	23,400
Table-5 Q	Turnover as declared in Annual Return i.e. Form GSTR-9	23,400
Table-6	The difference in Turnover( Reasons for Unreconciled difference in Annual Gross Turnover)	–
Table-9 P	Total amount to be paid as per the tables above	23,400
Table-9 Q	The total amount paid as declared in Annual Return i.e. Form GSTR-9	23,400
Table-10	The difference of Un-reconciled (if any)	NIL
Imp.Note:	Refund of 2017-18 to be claimed after filling GSTR-9 of 2018-19	7,200
Imp.Note:	Refund of 2018-19 to be claimed after filling GSTR-9 of 2018-19	1,800

 

Dear Colleagues, I have provided Illustration-5, “Excess tax paid in Form GSTR-3B of F.Y.2017-18 and F.Y.2018-19. Effect of both years are not shown in Form GSTR-3B of F.Y.2018-19”. Now How to give effect for that 2 years taken in Form GSTR-9/9C of F.Y.2018-19.

I am giving suggestion to all of you that I have mentioned figures for the procedure to be followed (Learning purpose only) You have to check your clients’ records and prepare GSTR-9/9C for the year 2018-19.

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