Sir,
One small doubt
We are works contract f. Y. 2018-19 we are filed it returns as per 26AS - for Rs. 22cr, but we are filed gstr 3b - for Rs. 17 cr, difference amount 5cr is advance of supply of goods, but not supply in 2018-19. How to rectify in gstr 9c, what is the mention in reason column. Pls send me the suggestion.
In GSTR 9 - 17 cr will be disclosed
In GSTR 9C - You would require to show revenue account total, which would ideally not reflect the income as it is advance against which service is pending. (balance sheet item). Therefore, income value as per your audit report would match GSTR 9. There may me variance due to accounting standards for construction contracts which can be adjusted through Table 5O of GSTR 9C.
CAclubindia
