Short tax paid in Form GSTR-3B of F.Y.2017-18

Short tax paid in Form GSTR-3B of F.Y.2017-18 shown as paid in F.Y.2018-19 but not paid in F.Y.2018-19. Now How to give effect for the same in Form GSTR-9 of F.Y.2018-19 through DRC-03.

Herewith I giving with an example for your better understanding.

Illustration-1.

“ Victory Bazar” doing business in wholesale and retail. He had an outward supply of goods worth Rs.1,00,000/- as per books for the F.Y.2017-18. The rate of tax is @12% and Tax due Rs.12,000/- He was filed GSTR-3B and mentioned his outward supply of goods by mistake worth of Rs.90000/- and paid tax @12% of Rs.10800/- for the F.Y. 2017-18.

In the year of 2018-19, he had an outward supply of goods worth of Rs.1,20,000/- as per books and the GST rate is @12%, and liable to pay GST Tax of Rs.14,400/- He was filed GSTR-3 B and mentioned in GSTR-3B Outward supply of goods worth of Rs.1,20,000/- and paid GST Tax @12% of Rs.14,400/- 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	12,000
		As per GSTR-3B Outward supply of Goods	10,800

 

GSTR-9 17-18 presentation:

Table-4	Detailed of advances, inward and outward supplies made during the financial year on which tax is payable.	10,800
Table -9	Tax payable for the F.Y.	10,800
Table-9	Tax paid as per Form GSTR-3B	10,800
Table-10	Supplies/tax declared in next financial year through Amendments(+) (net of debit notes)	1,200
Table-11	Supplies/tax declared in next financial year through Amendments(+) (net of credit notes)	Nil
Table-14	Differential tax paid on account declaration in table-10 & 11	1,200

 

2018-19: Presentation:

Year	Table	Description	Amount in Rs.
2018-19		As per books of accounts Outward Supply of Goods	14,400
		As per GSTR-3B Outward supply of Goods	14,400

 

GSTR-9 of 2018-19.

Table-4	Detailed of advances, inward and outward supplies made during the financial year on which tax is payable.	14,400
Table-9	Tax payable	14,400
Table-9	Tax paid as per Form GSTR-3B	14,400
Table-10	Supplies/tax declared in next financial year through Amendments(+) (net of debit notes)	NIL
Table-11	Supplies/tax declared in next financial year through Amendments(+) (net of credit notes)	NIL
Table -14	Differential tax paid on account declaration in table-10 & 11	NIL
IMP. Note:	Tax paid through DRC-03 for the F.Y.2018-19 is Rs.1,200/- along with applicable interest	1,200

 

 

Total 2017-18 plus 2018-19 years :

•  Outward supplies as per books: Rs.26,400/-
•  Outward supplies as per 3B plus DRC-03-Refund: Rs.26,400/-
• GSTR-9-(Table-4/Table-9 plus Table 10 minus Table11): Rs.26,400/-

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)	14,400
Table-5O	The difference of F.Y.2017-18 (Adjustments in turnover due to reasons not listed above)	NIL
Table-5 P	Reconciliation of gross turnover	14,400
Table-5 Q	Turnover as declared in Annual Return i.e. Form GSTR-9	14,400
Table-6	The difference in Turnover( Reasons for Un-Reconciled difference in Annual Gross Turnover)	NIL
Table-9 P	Total amount to be paid as per the tables above	14,400
Table-9 Q	The total amount paid as declared in Annual Return i.e. Form GSTR-9	14,400
Table-10	The difference of Un-reconciled (if any)	NIL
IMP. Note:	Tax paid through DRC-03, F.Y 2018-19=10, Interest as applicable	1,200

 

Dear Colleagues, I have provided Illustration-1 on tax paid in Form GSTR-3B of F.Y.2017-18 shown as paid in F.Y.2018-19 but not paid in F.Y.2018—19. Now How to give effect for the same in Form GSTR-9 of F.Y.2018-19 through DRC-03.

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 client’s records and prepare GSTR-9/9C for the year 2018-19.

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