15 June 2019
ANNUAL RETURN 9 PT.III POINT 8 ---------------------------------------------------------------------
8.A ITC AS PER GSTR 2A RS.10,00,000/- 8.B ITC AS PER 6(B) AND 6(H) RS.11,20,000/- 8.D DIFFERENCE (-) RS.120,000/-
NOTE : ITS HAPPENED ACTUALLY, WE HAVE RECEIVED A CREDIT NOTE(DISCOUNT) FROM SUPPLIER FOR RS.120,000/- . INSTEAD OF DEDUCTING FROM INPUT , OUR ACCOUNTANT, IT ADDED BACK WITH OUTPUT AND PAID THE LIABILITY. NO DIFFERENCE IN TAX PAYABLE AND TAX PAID. BUT WHILE FILING ANNUAL RETURN 9, THERE IS A CONFUSION , HOW TO CLEAR THIS DIFFERENCE AMOUNT? KINDLY GIVE VALUABLE OPINION OF ALL PROFESSIONALS ......THANKS IN ADVANCE
15 June 2019
sir, WE HAVE ADDED BACK TO SALES AND OUT PUT AND PAID TAX. ACTUALLY WE HAVE TO REDUCE FROM INPUT. AS PER BOTH SIDE TAX LIABILITY IS EQUAL.
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