In case the registered person intends to amend any details furnished in FORM GSTR- 3B, it may be done in the FORM GSTR‑1 or FORM GSTR‑2, as the case may For example, while preparing and furnishing the details in FORM GSTR‑1, if the outward supplies have been under reported or excess reported in FORM GSTR-3B, the same may be correctly reported in the FORM GSTR‑1. Similarly, if the details of inward supplies or the eligible ITC have been reported less or more than what they should have been, the same may be reported correctly in the FORM GSTR‑2. This will get reflected in the revised output tax liability or eligible ITC, as the case may be, of the registered person. The details furnished in FORM GSTR‑1 and FORM GSTR‑2 will be auto-populated and reflected in the return in FORM GSTR‑3 for that particular month.
Action on the system-based reconciliation:
After the registered person has furnished the statement of inward supplies in FORM GSTR‑2 by the extended date, the common portal shall auto-draft Part‑A of the return in FORM GSTR‑3 for the said month based on the information furnished in FORM GSTR‑1 and FORM GSTR‑2. Based on the revised figures of output tax liability and eligible input tax credit, Table 12 of Part B of FORM GSTR‑3 shall be made The common portal would populate the correct figures of tax payable in column (2) of Table 12 of FORM GSTR‑3, based on the information furnished in FORM GSTR‑1 and FORM GSTR‑2. The tax paid through the electronic cash ledger and electronic credit ledger in the return in FORM GSTR- 3B shall be displayed by the system in column (3) to (7) of the Table 12 of Part B of FORM GSTR‑3. Where there is no difference between the details of output tax liability and eligible input tax credit furnished in FORM GSTR-3B and the details furnished in FORM GSTR‑1 and FORM GSTR‑2, the amount of tax payable and tax paid shall be the same in FORM GSTR-3B and FORM GSTR‑3. The person can sign and submit FORM GSTR‑3 without any additional payment of tax. But in Situations of where:
Additional payment of taxes:
Where the tax payable by a registered person as per FORM GSTR‑3 is more than what has been paid as per FORM GSTR-3B, the common portal would show another instance of Table 12 for making additional payment of taxes, in accordance with the mandate of clause (b) of sub-rule (6) of rule As the tax payable in column (2) of Table 12 of FORM GSTR‑3 is more than what was shown in FORM GSTR-3B, the additional amount of tax payable can be paid by debiting the electronic cash or credit ledger as per the provisions contained in section 49 of the Act along with applicable interest on delayed payment of tax starting from 26th day of August, 2017 till the date of debit in the electronic cash or credit ledger. If the eligible ITC claimed by the person in FORM GSTR‑2 is less than the ITC claimed and utilised by the registered person in FORM GSTR-3B, the same would be added to his output tax liability and shall have to be paid by him along with interest by debiting the electronic cash or credit ledger as per the provisions contained in section 49 of the Act before submitting the return in FORM GSTR‑3 to complete the process. It may be noted that where the transitional credit as declared in FORM GST TRAN‑1 is credited to the electronic credit ledger, the same can be utilised for the payment of the said additional tax liability.
Additional claim of eligible ITC:
Where the eligible ITC claimed by the taxpayer in FORM GSTR-3B is less than the ITC eligible as per the details furnished in FORM GSTR‑2, the additional amount of ITC shall be credited to the electronic credit ledger of the registered person when he submits the return in FORM GSTR‑3 [in accordance with clause © of sub-rule (6) of rule 61]. However, simultaneously, if there is an increase in the output tax liability, the registered person can utilise this additional amount of ITC eligible as per the details furnished in FORM GSTR‑2 along with the balance in the electronic cash ledger, if required, for the payment of the increased output tax liability and submit his return in FORM GSTR‑3.
Reduction in output tax liability:
Where the output tax liability of the registered person as per the details furnished in FORM GSTR‑1 and FORM GSTR‑2 is less than the output tax liability as per the details furnished in the FORM GSTR-3B and the same is not offset by a corresponding reduction in the input tax credit to which he is entitled, the excess shall be carried forward to the next month’s return to be offset against the output liability of the next month by the taxpayer when he signs and submits the return in FORM GSTR‑3. However, simultaneously, if there is a decrease in the eligible input tax credit, the same will be adjusted against the above mentioned reduction in output tax liability and the balance, if any, of the reduction in output tax liability shall be carried forward to the next month’s return to be offset against the output liability of the next month.