we received advance from a customer in Aug 2017 and declared in Gstr1 but not in Gstr3b. The customer was billed in sept 2017 and paid the GST. but did not reverse the advance. we found this error while reconciling data for filing annual return.Is it possible to reverse the advance now or how to adjust it ?
Thanks
Menu
Advance received
Replies (2)
In Aug 2017 GST is applicable on both Goods & services when advance received , so you have charge gst at time you received advance
please confirm with others
Due date for filing FORM GSTR-3B for the month of July 2019 has been extended to 22.08.2019. Notification awaited.
Recent Topic
- LTCG should i pay or amc pay?
- Delay Condonation Order Not Received
- Input on Property Dealer Commission paid
- Caliber Mining & Logistics IPO Allotment Date,
- Single form 121 for mutiple interest income from B
- Reabte 87A new regeim for FY 2025-26 (AY2026-27)
- OTP ENTERED BUT NOT PROCESS THE RETURN
- Form 16 Includes Salary Recovered Towards Notice P
- Altera INTC
- Itr schema a.y 26-27 v/s form no.16
Related Topics
CAclubindia
