GSTR-9 and 9C cannot be revised once filed. They are considered final upon submission. Errors in GSTR-9 cannot be directly corrected; however, any tax liability arising from errors or omissions can be paid through Form DRC-03. GSTR-9C can be revised only if the error report is generated.
No, you cannot revise Form GSTR-9 return after filing.
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The penalty for late filing of GSTR-9C includes a late fee of Rs. 200 per day (Rs. 100 each for CGST and SGST) up to a maximum of 0.5% of the taxpayer's turnover in the relevant state or union territory. Additionally, failure to file may attract further penalties and interest as per GST regulations.
You cannot revise a GSTR-3B form once it is filed. However, you can file corrections in a subsequent GSTR-3B by selecting the "Amendment" option and specifying the tax period you want to rectify.
How to Rectify Errors in GSTR-1
Change a return you already filed
No — once submitted, GST returns cannot be revised. However, you can amend details in subsequent returns (like next month or next quarter).
Who is required to file GSTR 9C? Every registered person under GST whose turnover during a financial year exceeds the prescribed limit of Rs. 5 crore must file a self-certified reconciliation statement in Form GSTR-9C. This statement must be filed by every GST-registered taxpayer, i.e. every GSTIN.
GSTR 9 is an annual return that GST-registered businesses must file, detailing their financial transactions. GSTR 9C is a reconciliation statement, mandatory for businesses with a turnover exceeding Rs. 2 crores, ensuring consistency between audited financial statements and GSTR 9.
What is the penalty for the wrong filing of GSTR-9C? There's no specific late fee provision for GSTR-9C. It is subject to a general penalty of Rs. 25,000.
Key Legal Provision: Section 161 of CGST Act
Time Limit: Rectification must be done within 3 months from the date of issue of the order.
The registered business/entity has to pay the correct GST and get a refund for the wrong GST paid. No penalty under GST Act for incorrect filing of GST returns but interest at the rate of 18% p.a. is chargeable on the tax amount shortfall. No penalty is applicable for delayed invoice payments.
Concept of Revision U/s 108:
(2) The Revisional Authority shall not exercise any power if the order is under appeal; or, within a period of six months and beyond a limitation period of three years; or, if the order has already been taken for revision at an earlier stage; or, a revisional order.
A Revised Return is filed under Section 139(5) of the Income Tax Act, 1961, to correct errors or omissions in the original return. If you discover any mistakes in your initial filing, this provision allows you to make necessary corrections, even for a belated return.
All regular GST-registered taxpayers with an annual turnover exceeding Rs. 2 crores are required to file GSTR-9C, which includes a reconciliation statement and certification by a Chartered Accountant (CA) or Cost Management Accountant (CMA).
As per the decision of the Council taken at its 379th Meeting held on 17th -18th December, 2018, UDIN was made compulsory for all practicing Chartered Accountants in phased manner i.e on all Certificates wef 1st Feb., and from 1st April, 2019 onwards on GST & Tax Audit Reports.
Timelines: There is no time limit defined for receiving a scrutiny notice. However, a taxpayer should respond to such notice within 30 days from the date of issue, or request for an extension, not more than 15 days. Contents: Contents of ASMT-10 are as follows: Basic details: GSTIN, name, address and tax period.
Tips To Reduce Risk Of GST/HST Audit
If mistakes in GSTR-1 or GSTR-3B are not amended before filing the annual return, they cannot be corrected in GSTR-9. Instead, such discrepancies must be disclosed in Part V of the GSTR-9 form. No Direct Revisions: GST returns are not directly revisable; changes must be made through future returns.
No, once GST returns are filed, they cannot be revised.
However, you can correct the errors in the subsequent returns. That means, if you realize a mistake in a filed return, you cannot change that specific return, but you can correct the mistake in a future return within a prescribed time limit.
If you need to make a change or adjustment on a return already filed, you can file an amended return. Use Form 1040-X, Amended U.S. Individual Income Tax Return, and follow the instructions.
Under GST, an invoice can be amended only once to rectify any errors or omissions within 180 days from the date of the original invoice.
3. Filing GSTR-3B for Adjustments
If you make a mistake on your tax return, you usually correct it by filing Form 1040-X, Amended U.S. Individual Income Tax Return, to adjust income, deductions, or credits, but the IRS often corrects simple math errors or missing forms automatically; if you owe more tax, you'll incur interest and penalties, so fixing errors promptly with an amendment can reduce costs, but you must file it within the specified time frame, usually three years from the original filing date.