GST
Explaining a gap fixed in a later year
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Facts
Show the original period, the later return where you corrected it, and the tax paid then. If you paid late, interest may still apply.
Provisions and law
- Instruction 02/2022-GST (22 March 2022)SOP for scrutiny: one ASMT-10 per GSTIN per year, specific and quantified discrepancies, DRC-03 payments to be considered, timelines for ASMT-12 or further action
- Sec 50, CGST Act 2017Interest for the period of delay
Analysis
The SOP asks officers to adjust for amendments. Example: ₹2 lakh of March 2022 sales were missed and reported in GSTR-1 and GSTR-3B of May 2022 with tax; show both returns. Interest under Sec 50 for the two months of delay should be paid if not already.
Conclusion
- Identify the original and correcting periods.
- Attach both returns.
- Calculate interest for the delay.
- Pay interest through DRC-03 if pending.
A Savvy can do this for you
Scrutiny of returns, ASMT-10 notice and ASMT-11 reply
₹4,999
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