Advance Actualization Wrongly shown in ITC instead of Deducting Liability

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..... Dear Expert We are facing 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 .....

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..... Nov 2018, Thereafter amendment 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 Liabilit .....

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..... y of GST for Advance actualization. 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 show .....

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..... ing figure in incorrect 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 T .....

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..... able -9(Deducting payable and ITC utilization) 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-9 .....

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..... C under Table-5 6 (with reason) and Table-12 13 (under diff in come out in unreconciled ITC excess shown in teaxt as reason) - Advance Actualization Wrongly shown in ITC instead of Deducting L .....

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..... iability - Query Started By: - Prem Choudhary Dated:- 24-8-2019 Goods and Services Tax - GST - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management I .....

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..... ndia - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

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