GSTR 1 vs GSTR 3B Turnover Difference

Indirect Taxation

Export supply disclosured in GSTR 1 & GSTR 9 but not disclosure in GSTR 3B. In this scenario liable to pay any tax / penalty / interest...?

Ravikumar Pandi

CA Inter

★ 2K+

11-Mar-22 15:12

776

Answers (5)

If the supplier has obtained LUT then there will not be any issue.

Shiva Teja

Faculty

11-Mar-22 15:22

Shiva Teja Faculty

If the supplier has obtained LUT then there will not be any issue.

At F.Y 2017-18 if registered person have not LUT after some month the proper officer may scrutinize the return and related particulars furnished by registered person. In this situation what things to do...?

Thread Starter

Ravikumar Pandi

CA Inter

★ 2K+

11-Mar-22 19:24

If LUT is not there then office May demand payment of tax along with interest

Shiva Teja

Faculty

11-Mar-22 22:06

Shiva Teja Faculty

If LUT is not there then office May demand payment of tax along with interest

But export is the zero rated supply then why liable to pay tax...?

Thread Starter

Ravikumar Pandi

CA Inter

★ 2K+

11-Mar-22 22:10

Thread Starter

Ravikumar Pandi

But export is the zero rated supply then why liable to pay tax...?

Export is ZERO rated supply but payment of tax is not required only if supplier has obtained letter of undertaking.

Shiva Teja

Faculty

12-Mar-22 18:03