Return for the period of September is the last Return for making all the amendments & adjustments for the previous year. Suppose, for example for the year 2020-21, GSTR 3B and GSTR 1 is the last return for filling all the amendments of the transactions related to the period April 2020 to March 2021.
The following actions have to be taken before filing GST Return for the month of September :
- Reconcile Sales Turnover reported in GSTR 1 with that of Books
- Reconcile Sales Turnover reported in GSTR 3B with that of Books
- Check whether all the credit notes issues has been declared in GSTR 1 or not and the effect of the same is taken in GSTR 3B.
- Reconcile if invoices raised to customers are reported in B2B (customers with GSTIN) or in B2C (Unregistered customer)
- Reconcile whether all the advances have been reported in GSTR 3B and GSTR 1
- Reconcile whether the GST paid on advances have been adjusted once the invoice is issued or not
- Reconciliation of ITC from GSTR 2A/2B with Inward Register
- Follow up with the vendors whose ITC is not appearing in GSTR 2B / GSTR 2A
- Check whether all the debit notes issued to you have been reflected in GSTR 2A/2B or not.
- Reverse all the ineligible ITC
- Reconcile HSN Summary with that of Sales Turnover.
No additional claim of missing ITC may be made available post-filing of September GSTR 3B return. Please thoroughly follow the above checklist before you file any September GST returns.
The information provided in the Taxzona Blog does not constitute any legal, tax or financial advice. It does not take into account your particular circumstances, objectives, legal and financial situation or needs. Before acting on any information in the Taxzona Blog you should consider the appropriateness of the information for your situation in consultation with a professional advisor of your choosing.
Then you're at the correct place as we're the most valuable and most trusted brand in Delhi NCR offering services to the whole of India for business niches.
The major service that we offer is GST Registration which is foremost best for the brands, and GST Return filing is for the brands as well as the country for better growth.
You may visit our website if you've any concerns because we already served over 5 lakh clients since 2016.
How to File GSTR 1, 2, and 3 Returns?Goods and Services Tax return filing has to be done every month/quarter by a registered taxpayer.
This is a record of Outward and Inward supply done during the month/quarter, and tax paid/payable by the Supplier.
Besides this, the taxpayer also needs to file Annual Returns.Every taxable Supplier needs to upload the outward supply details in the form of GSTR-1 for all the supplies by the 10th date of succeeding month.The inward supplies are made available on 11th day of the month in the auto-generated gst return filing onlineA blueprint of GSTR-2A of Outward Supply will be provided temporarily by GSTN based on the invoice details reported.The purchaser can accept/reject/modify such a brief blueprint of GSTR-2A (Purchaser can download his statement from the portal and update or change it offline).
The purchaser will also be able to add extra purchases (if he has received such supplies) in invoice of GSTR-2A, which is not uploaded by seller, up to 15th day of the month (i.e., within five days).
The seller can accept or reject the corrections made by the purchaser, and GSTR 1 will be revised according to the modifications agreed by the seller.Both parties will pay the amount drafted in GSTR-3 return and will debit the ITC ledger and cash ledger and mention the debit entry No.
in the GSTR-3 return and would submit the same by 20th of succeeding month.Late filing of GST Return: GST is applicable to all business owners, small or big and even those with zero returns.
GSTR 1 is a monthly or quarterly return (based on taxpayer’s annual turnover) that should be filed by every registered dealer.
You can use the GST Software offered by IRISGST
In this form, the registered taxpayers are required to provide details of all their outward supplies/sales records.
Due date: The due date for GSTR-1 is based on the taxpayer’s annual turnover.
For businesses with an annual turnover of 1.5 crores or above are required to file their form GSTR 1 on a monthly basis, on or before the 11th day of the succeeding month.
For businesses with turnover below 1.5 crores can file their form GSTR 1 on a quarterly basis, on or before the 30th day of the month succeeding the quarter.
*The following taxpayers are exempt for filing form GSTR 1:
GST comprehensive course season 2 (Recorded Videos) with wide coverage of conceptual as well as practical provision.
