Advance Actualization Wrongly shown in ITC instead of Deducting Liability

[Prem Choudhary]

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 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 Liability 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 showing 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 :-

1. ITC reversal in GSTR-9 vide Table No-7(H1) and Table -9(Deducting payable and ITC utilization) OR
2. 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 Table-12 &13 (under diff in come out in unreconciled ITC excess shown in teaxt as reason)

AI Summary

Company Seeks Guidance on Correcting GST Payment Errors in GSTR-9 and 9C for FY 2017-18, Revenue-Neutral Issue A company encountered issues in preparing GSTR-9 and 9C for FY 2017-18 due to incorrect reporting of GST payments on advances. Initially, GST was paid on advances received for goods until November 15, 2018, after which the requirement was removed. The payments were incorrectly shown in ITC in GSTR-3B instead of reducing GST liability, though GSTR-1 was filed correctly. The issue is revenue-neutral. Suggestions for correction include ITC reversal in GSTR-9 or showing advances and unreconciled differences in GSTR-9C. The company seeks guidance on accurately reflecting this in the returns.