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Recorded Webinars | Resolving the Exception – Mismatch in transaction nature & place of supply



#GST #GSTR3B

This short video demonstrates the simple steps to easily resolve the exception “Mismatch in Nature of transaction and Place of supply” in GSTR-3B.

If the Nature of transaction or place of supply is overridden in the voucher, the voucher will get listed in Incomplete or mismatch in information under the exception Mismatch in Nature of transaction and Place of supply.

Let us take an instance of receiving a hotel service in other state.
Accounting Voucher→Press F9 for purchase
Select the party – hotel Fern Hill which is located in Kerala.
The hotel will charge the central and state tax in the invoice for the services rendered through immovable property.

But while we enter this voucher in our books of accounts, since the party is an interstate party, by default the nature of transaction will be selected as interstate purchase taxable and it will calculate integrated tax.

Hence, to calculate central tax and state tax as received in the invoice, we need to override the nature of transaction as Purchase taxable.

Now select the central tax and state tax ledgers and accept the voucher.

Since the Nature of Transaction is overridden, the voucher will get listed in Incomplete or mismatch in information under the exception Mismatch in Nature of transaction and Place of supply in GSTR 3B.

To resolve this exception
Go to Display from Gateway of Tally→Statutory reports→GST→GSTR 3B

The transaction is listed here under Incomplete or Mismatch in information

Press Enter, select Mismatch in Nature of transaction and Place of supply, select the vouchers to participate in returns table and Press Alt A i.e. Accept as is and select yes here.

Now the voucher will directly participate in the returns table.

Thank you.

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