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Last chance to amend invoices or claim ITC pertaining to FY 2021-22.

GSTN has opened the option to amend invoices pertaining to FY 2021-22 in Oct 2022 Return period. This has been done as per the recent amendment in CGST Act, which allows taxpayer to make amendment in invoices of last year upto 30th November of the next year.

The amendment can be made via GSTR-1 -> Table 9A - > Select FY 2021-22 - > Enter Invoice No. -> Proceed

Important Points:

It is to be noted that although as per law, the last date to make amendment is 30.11.2022, however to make any amendment, taxpayer is required to file either GSTR-1 (for amendment in invoices issued earlier) or GSTR-3B (for amendment in ITC claimed earlier). There is no separate form for filing amendment. Therefore it is important to make amendments before filing forms for Oct 2022 period and that too well before 30.11.2022.

E.g.

1. If a taxpayer files GSTR-1 for Oct'22 period but forget to make required amendments, then it is not possible to make amendment later because there is no other due due falling before 30.11.2022.

2. Also, if a taxpayer waits too much, and does not file GSTR-1 / GSTR-3B for Oct-22 period till 30.11.2022, then he will not be permitted to make amendments later.

Therefore do not forget to file GSTR-1 & GSTR-3B of Oct'22 period before 30.11.2022 after incorporating all the amendments. 

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Author:

TaxReply


Nov 9, 2022

Comments


Yes but ITC Wrongly taken that reversal due date Nov 30th Confirm. I want needs Sir.
By: S.suresh | Dt: Nov 27, 2022


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