Hi,
Table 4F of GSTR-9 demands details of unadjusted advance during the FY.
But in a scenario where advances that remained unadjusted in last FY but invoice is issued in current FY. How should this be addressed?
Currently the portal is giving an auto populated negative figure in Table 4F. But not sure if it will accept while filing the return. Even if it does, is it right to show negative figure as this scenario has not been covered by instruction sheet of GSTR 9.
Thank you.
Clarification on GSTR-9 Table 4F: Negative Figures Allowed for Advances Adjusted in Current Year Invoicing. Table 4F of GSTR-9 requires details of unadjusted advances during the financial year. A user inquired about handling advances unadjusted in the previous year but invoiced in the current year, noting that the portal auto-populates a negative figure in Table 4F. The response clarified that it is permissible to show both total advances and adjusted advances for the year, and Table 4F can accept negative values. In such cases, a negative figure should be disclosed in Table 4F as only the advance is adjusted in the current financial year. (AI Summary)
TaxTMI 
TaxTMI 
