Whether HSN summary be adjusted for Advance received

[Vaishnavi Bubesh]

Dear Experts,

We are having a query regarding the inclusion of receipt of advance (Table 11A) & adjustment of advances in Table 11B in HSN summary (Table 12) of GSTR-1.

As if we are not showing advance receipt & adjustment of advance in HSN summary it will not match with total tax liability as per GSTR-1.

Thanks in advance.

 

AI Summary

HSN summary must include advances and adjustments to reconcile GST liability across all GSTR 1 tables each month.
Advances reported in Table 11A and adjustments in Table 11B should be included in the HSN Summary (Table 12) under the appropriate HSN: advances in the month of receipt and adjustments in the month of adjustment or invoice issuance, so HSN-wise taxable values and tax amounts reconcile with total GSTR 1 liability.