Answer

1. F

   Facts

   If credit notes reduce your GSTR-3B tax but are not reported in GSTR-1, GSTR-1 shows higher tax. The fix is to report the credit notes in GSTR-1 and explain in Part B.

2. P

   Provisions and law

   • Rule 88C, CGST Rules 2017If GSTR-1 tax exceeds GSTR-3B tax beyond the set limit, intimation in DRC-01B Part A; within 7 days pay through DRC-03 or explain in Part B
   • Sec 34, CGST Act 2017Credit notes must be declared in the return; time limit is 30 November after the end of the financial year
3. A

   Analysis

   Credit notes of ₹10 lakh plus ₹1.8 lakh tax netted in 3B but missing in GSTR-1 Table 9B leave a ₹1.8 lakh gap in that month. Report them in the next GSTR-1 within the Sec 34 time limit. Explain in Part B with the credit note list. Watch the 30 November cut-off.

4. C

   Conclusion

   1. 1List credit notes issued in the period.
   2. 2Report them in GSTR-1 Table 9B.
   3. 3Explain the mismatch in Part B with the list.
   4. 4From now, report credit notes in the same month's GSTR-1.

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