Excess tax paid in Form GSTR-3B of F.Y. 2017-18, an effect not given in Form GSTR-3B of F.Y.2018-19
Excess tax paid in Form GSTR-3B of F.Y. 2017-18, an effect not given in Form GSTR-3B of F.Y.2018-19, Now effect given in Form GSTR-9 of F.Y.2018-19
Herewith I giving with an example for your better understanding.
Illustration-4.
“ M/s. Sri Sai Polymers Ltd, Hyderabad, Telangana ” doing business in Machinery parts, etc., They had an outward supply of goods worth Rs. 90,000/- as per books for the F.Y.2017-18. The rate of tax is 18 @ % and Tax due Rs.16,200/-.They have filed GSTR-3B and mentioned his outward supply of goods by mistake worth of Rs.120,000/- and paid tax @18% of Rs.21,600/- for the F.Y. 2017-18.
In the year of 2018-19, he had an outward supply of goods worth of Rs.1,40,000/- as per books and the GST rate is @18%, and liable to pay the GST Tax of Rs.25,200/- He was filed GSTR-3 B and mentioned in GSTR-3B Outward supply of goods worth of Rs.1,40,000/- and paid GST Tax @18% of Rs.25,200/- 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 | 16,200 | |
| As per GSTR-3B Outward supply of Goods | 21,600 |
GSTR-9 17-18 presentation:
| Table-4 | Detailed of advances, inward and outward supplies made during the financial year on which tax is payable. | 21,600 |
| Table -9 | Tax payable for the F.Y. | 21,600 |
| Table-9 | Tax paid as per Form GSTR-3B | 21,600 |
| Table-10 | Supplies/tax declared in next financial year through Amendments(+) (net of debit notes) | – |
| Table-11 | Supplies/tax declared in next financial year through Amendments(+) (net of credit notes) | 5,400 |
| Table-14 | Differential tax paid on account declaration in table-10 & 11 | – |
2018-19: Presentation:
| Year | Table | Description | Amount in Rs. |
| 2018-19 | As per books of accounts Outward Supply of Goods | 25,200 | |
| As per GSTR-3B Outward supply of Goods | 25,200 |
GSTR-9 of 2018-19.
| Table-4 | Detailed of advances, inward and outward supplies made during the financial year on which tax is payable. | 25,200 |
| Table-9 | Tax payable | 25,200 |
| Table-9 | Tax paid as per Form GSTR-3B | 25,200 |
| Table-10 | Supplies/tax declared in next financial year through Amendments(+) (net of debit notes) | – |
| Table-11 | Supplies/tax declared in next financial year through Amendments(+) (net of credit notes) | – |
| Table -14 | Differential tax paid on account declaration in table-10 & 11 | – |
| Imp. Note. | Refund of 2017-18 to be claimed after filling GSTR-9 of 2018-19 (F.Y.2017-18,31st Aug 2020 and 31st March 2021) | 5,400 |
Total 2017-18 plus 2018-19 years :
- Outward supplies as per books: Rs.41,400/-
- Outward supplies as per 3B plus DRC-03-Refund: Rs. 41,400-
- GSTR-9-(Table-4/Table-9 plus Table 10 minus Table11): Rs. 41,400/-
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.
Related Topic:
CBIC warn for mismatch in GSTR 3b and GSTR 1
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) | 25,200 |
| Table-5O | Difference of F.Y.2017-18 (Adjustments in turnover due to reasons not listed above) | – |
| Table-5 P | Reconciliation of gross turnover | 25,200 |
| Table-5 Q | Turnover as declared in Annual Return i.e. Form GSTR-9 | 25,200 |
| Table-6 | Difference of Turnover( Reasons for Unreconciled difference in Annual Gross Turnover) | – |
| Table-9 P | Total amount to be paid as per tables above | 25,200 |
| Table-9 Q | Total amount paid as declared in Annual Return i.e. Form GSTR-9 | 25,200 |
| Table-10 | Difference of Un-reconciled (if any) | NIL |
| Imp.Note: | Refund of 2017-18 to be claimed after filling GSTR-9 of 2018-19 | 5,400 |
Dear Colleagues, I have provided Illustration-4, Excess tax paid in Form GSTR-3B of F.Y.2017-18, an effect not given in Form GSTR-3B of F.Y.2018-19, Now effect given in Form GSTR-9 of F.Y.2018-19.Now How to give effect for that 2 years taken in Form GSTR-9/9C of F.Y.2018-19.
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 clients’ records and prepare GSTR-9/9C for the year 2018-19.
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