Disclosure of advance adjusted invoices in Annual return of 2018-19

[MaruthiRam Gullapalli]

Person registered in March' 2018 and received advance for which invoice has been raised in April' 2018. Now such advance is shown in table 5F and table 9 of GSTR 9 of 2017-18.

Now how to disclose invoice raised April' 2018 in 2018-19 annual return. what is the impact in table 9 of 2018-19 annual return?

AI Summary

Forum Discusses GST Annual Return for 2018-19: Handling Advance Invoices and System Constraints in GSTR 9 A participant in a discussion forum inquired about disclosing advance adjusted invoices in the 2018-19 annual return for Goods and Services Tax (GST). The issue arose from an advance received in March 2018, with the invoice raised in April 2018. Respondents advised on the necessity to adjust the format for FY 2018-19, noting no provision existed for such disclosures initially. It was clarified that if the advance pertains to services, tax liability should have been discharged in March 2018. The participant confirmed the advance was for taxable services, encountering issues with negative values in GSTR 9 due to system constraints.