TaxTMI 
TaxTMI 
TaxTMI 
Advance Actualization Wrongly shown in ITC instead of Deducting Liability
X X X X Extracts X X X X
X X X X Extracts X X X X
....dvance Actualization Wrongly shown in ITC instead of Deducting Liability<br> Query (Issue) Started By: - Prem Choudhary Dated:- 24-8-2019 Goods and Services Tax - GST<br>GST<br>Dear Expert We are fac....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ing 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....
X X X X Extracts X X X X
X X X X Extracts X X X X
.... 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 actualizatio....
X X X X Extracts X X X X
X X X X Extracts X X X X
....n. 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 h....
X X X X Extracts X X X X
X X X X Extracts X X X X
....ead. Please suggest how to correctly shows in GSTR-9 and 9C of Fy 2017-18. In My view, it can be shown as :- * ITC reversal in GSTR-9 vide Table No-7(H1) and Table -9(Deducting payable and ITC uti....
X X X X Extracts X X X X
X X X X Extracts X X X X
....lization) OR * 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 T....
X X X X Extracts X X X X
X X X X Extracts X X X X
....able-12 &13 (under diff in come out in unreconciled ITC excess shown in teaxt as reason)<br> Discussion Forum - Knowledge Sharing ....