9911796707
TMI BlogAdvance Actualization Wrongly shown in ITC instead of Deducting LiabilityX X X X Extracts X X X X X X X X Extracts X X X X ..... Advance Actualization Wrongly shown in ITC instead of Deducting Liability X X X X Extracts X X X X X X X X Extracts X X X X ..... cing issue in prepration of GSTR-9 and 9C for following issues in Fy 2017-18:- In FY 2017-18, The Company was paying GST on Advances received(On Goods supply) up to 15th Nov 2018, Thereafter amendmen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t was made and no gst was payable on Advances received against supply of Goods. The payment of GST on advances was shown in ITC in GSTR-3B instead of deducting Liability of GST for Advance actualizati ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... on. However the GSTR-1 is correctly filed with actualization of advances. please also note that Govt. has revenue neutral " No any short/excess paid of GST" only showing figure in incorrect ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... head. Please suggest how to correctly shows in GSTR-9 and 9C of Fy 2017-18. In My view, it can be shown as :- * ITC reversal in GSTR-9 vide Table No-7(H1) and Table -9(Deducting payable and ITC ut ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ilization) OR * Shown advances in Table-4 F (Unadjusted advance) and ITC as usual in GSTR-9 and differences shown as un-reconiled with Books vs Return in GSTR-9C under Table-5 & 6 (with reason) and ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... Table-12 &13 (under diff in come out in unreconciled ITC excess shown in teaxt as reason) X X X X Extracts X X X X X X X X Extracts X X X X
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