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