banner_ad

Advance received

203 views 2 replies
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
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.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details