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GST in India - Amendment Scenarios
The document outlines various scenarios regarding the filing and amendment of GST returns, detailing the processes for suppliers and purchasers under different situations. Scenarios include ideal conditions, mistakes made by purchasers or suppliers, and the consequences of failing to rectify errors, such as ITC mismatches. It emphasizes the importance of timely amendments to ensure compliance and reduce tax liability.
GST in India - Amendment Scenarios
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- 3. SCENARIO 01 IdealScenario SUPPLIER FILES GSTR - 1 XLSXLS GSTR-1 PURCHASER DOWNLOADS GSTR 2A GSTR-2A NO CHANGES WERE MADE WHILE UPLOADING GSTR-2 BY THE PURCHASER XLS GSTR-2 www.sahigst.com DONE NO ACTION REQUIRED
- 4. SCENARIO 02 ChangesDone By Purchaser And Accepted By Supplier SUPPLIER FILES GSTR-1 XLSXLS GSTR-1 PURCHASER DOWNLOADS GSTR-2A GSTR-2A CHANGES MADE WHILE UPLOADING GSTR-2 BY THE PURCHASER. XLS GSTR-2 SUPPLIER GETS THE DETAILS OF CHANGES IN GSTR 1A GSTR-1A SUPPLIER ACCEPTS AND AMENDS IN GSTR-1 ACCEPTED XLS www.sahigst.com
- 5. SCENARIO 03 MistakeOf The Purchaser SUPPLIER FILES GSTR - 1 XLSXLS GSTR-1 PURCHASER DOWNLOADS GSTR 2A GSTR-2A SUPPLIER GETS THE DETAILS OF CHANGES IN GSTR 1A GSTR-1A SUPPLIER DOES NOT ACCEPT CHANGES DECLINED XLS SUPPLIER INFORMS THE PURCHASER ABOUT HIS MISTAKE CHANGES MADE WHILE UPLOADING GSTR-2 BY THE PURCHASER. XLS GSTR-2 NO ACTION PURCHASER AMENDS IN GSTR-2 OF THE SUBSEQUENT MONTH www.sahigst.com
- 6. SCENARIO 04 MistakeOf The Supplier SUPPLIER AMENDS IN GSTR-1 OF THE SUBSEQUENT MONTH SUPPLIER FILES GSTR - 1 XLSXLS GSTR-1 PURCHASER DOWNLOADS GSTR 2A GSTR-2A SUPPLIER GETS THE DETAILS OF CHANGES IN GSTR 1A GSTR-1A CHANGES MADE WHILE UPLOADING GSTR-2 BY THE PURCHASER. XLS GSTR-2 SUPPLIER ACCEPTS CHANGES BUT FAILS TO UPDATE Changes Update MISMATCH REFLECTED IN ITC-1 ITC-1 MISMATCH FOUND www.sahigst.com
- 7. SCENARIO 05 ErrorNot Rectified By Supplier SUPPLIER DOES NOT AMEND IN GSTR-1 OF THE SUBSEQUENT MONTH SUPPLIER FILES GSTR - 1 XLSXLS GSTR-1 PURCHASER DOWNLOADS GSTR 2A GSTR-2A SUPPLIER GETS THE DETAILS OF CHANGES IN GSTR 1A GSTR-1A CHANGES MADE WHILE UPLOADING GSTR-2 BY THE PURCHASER. XLS GSTR-2 SUPPLIER ACCEPTS CHANGES BUT FAILS TO UPDATE IN GSTR 1A CHANGES UPDATE MISMATCH REFLECTED IN ITC-1 ITC-1 MISMATCH FOUND ITC DENIED TO THE PURCHASER AND HIS OUTPUT TAX LIABILITY INCREASES ITC-1 ITC DENIED GSTR-1 www.sahigst.com
- 8. SCENARIO 06 RectificationAfter The Closure Of Financial Year SUPPLIER DOES NOT AMEND IN GSTR-1 OF THE SUBSEQUENT MONTH SUPPLIER FILES GSTR - 1 XLSXLS GSTR-1 PURCHASER DOWNLOADS GSTR 2A GSTR-2A SUPPLIER GETS THE DETAILS OF CHANGES IN GSTR 1A GSTR-1A CHANGES MADE WHILE UPLOADING GSTR-2 BY THE PURCHASER. XLS GSTR-2 SUPPLIER ACCEPTS CHANGES BUT FAILS TO UPDATE CHANGES UPDATE MISMATCH REFLECTED IN ITC-1 ITC-1 MISMATCH FOUND ITC DENIED TO THE PURCHASER AND HIS OUTPUT TAX LIABILITY INCREASED ITC-1 ITC DENIED GSTR-1 SUPPLIER ACCEPTS HIS MISTAKE LATER AND AMENDS IN THE SUBSEQUENT RETURN GSTR-1 20 SEPT MONTH OF SEPTEMBER (20th) SUCCEEDING THE FINANCIAL YEAR FILING OF ANNUAL RETURN OF THAT FINANCIAL YEAR ANNUAL RETURN WHICHEVER IS EARLIER www.sahigst.com
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