Q. GST R1 Wrogly filed with higher GST Rate, 3B corrected but DRC 3 liability , Now composition

Question

Dear Sir

In GST R1 of March 2024, in the column B to C wrongly higher GST rate selected and more GST shown.  But in  3B that GST  amounts are corrected and reduced, hence Red marks shown by system due to changes in system generated GST and Liability shown in DRC 3.
Now client had opted for Composition Scheme from April. So amendments in R1 of April can't be done

So how to rectify this mistake?

Can client file Annual Return of FY 23-24 voluntarily rectify this mistake ?

Answer 1

Rectifying the mistake involves making a payment through DRC-03 for the excess tax liability and ensuring proper documentation and communication with the GST authorities. Given the limitations on amending GSTR-1 due to the switch to the Composition Scheme, this approach provides a way to address the discrepancy and comply with the GST law.

Regards, CA. Praveen Sharma

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