https://www.taxtmi.com/forum/issue?id=115353 The issue concerns GST paid on advances being recorded as ITC in GSTR-3B instead of reducing output liability upon advance actualization, while GSTR-1 correctly reflected actualization. For GSTR-9 and GSTR-9C the note proposes either reversing the ITC in annual return tables to align payable and ITC utilisation or reporting advances in the Unadjusted Advances table and explaining the unreconciled ITC excess in GSTR-9C reconciliation tables with reasons, stressing disclosure and reconciliation. en-us Sat, 24 Aug 2019 09:13:34 +0530 Thu, 23 Jan 2025 15:55:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=115353 The issue concerns GST paid on advances being recorded as ITC in GSTR-3B instead of reducing output liability upon advance actualization, while GSTR-1 correctly reflected actualization. For GSTR-9 and GSTR-9C the note proposes either reversing the ITC in annual return tables to align payable and ITC utilisation or reporting advances in the Unadjusted Advances table and explaining the unreconciled ITC excess in GSTR-9C reconciliation tables with reasons, stressing disclosure and reconciliation. Discussion-Forum GST Sat, 24 Aug 2019 09:13:34 +0530 https://www.taxtmi.com/forum/issue?id=115353