POINTS TO BE TAKEN CARE FOR FILLING SEPTEMBER 2018 GSTR!

POINTS TO BE TAKEN CARE FOR FILLING SEPTEMBER 2018 GSTR!

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POINTS TO BE TAKEN CARE FOR FILLING SEPTEMBER 2018 GSTR!

The UNDECLARED OUTWARD SUPPLIES for the Invoices raised from July’17 to March’18 should be declared in GSTR1 filing for the month of September 2018.

The UNCLAIMED INPUT TAX CREDIT for the Invoices received from July’17 to March’18 should be claimed in GSTR3B filing for the month of September 2018. If the ITC is not availed, it will get elapsed as per the provisions of GST Law.

All the UNDECLARED DEBIT NOTES AND CREDIT NOTES raised against the Sales & Purchases made from July’17 to March’18 have to be declared in GST Returns for the month of September 2018. If these are not declared, the tax liability cannot be reversed to that extent.

Activities have to be carried out before the filing of GSTR returns for the month of September 2018 in order to discover the Missing Invoices/ Debit Notes/ Credit Notes, if any:

  • Reconciliation of GSTR3B with books.
  • Reconciliation of ITC availed in GSTR3B with ITC available as per GSTR2A.
  • Reconciliation of GSTR1with GSTR3B & books.

NOTE: The due date for filing GSTR’s for September, 2018 are as follows:

GSTR-1 31st  Day of October, 2018
GSTR-3B 20th Day of October, 2018

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