what about the gst dispute in FY 17-18 ... what about our balance sheet ... how to show these gst dispute in balance sheet ...
we need 3b revise option or a option to open march 3b again to sett off our all 17-18 disputes ...
Menu
BALANCE SHEET
Replies (3)
You cannot revise GSTR-3B but you can adjust your liability or asset in subsequent GSTR-3B. So any dispute of 17-18 can be resolved in 18-19. Keep a reco statement handy in case of GST audit.
we know in circular 26/26/2017 gst mention that if we did mistake in 3b we can rectify in subsequence month
but after ending 17-18 FY can we make correction in 18-19 FY
what is the effect on blance sheet , what is the effect in final gst return of 17-18 ... thats the problum
but after ending 17-18 FY can we make correction in 18-19 FY
what is the effect on blance sheet , what is the effect in final gst return of 17-18 ... thats the problum
1)Do you have the option to pass back-dated entries in your accounts or the accounts has been closed for F.Y. 2017-18?
If yes, then adjusting the balance in your accounts will not be a problem.
2) In case of GST return you don't have the option to revise, so only option is revising it in your next return. Even if your next return is falling in next F.Y. you will have to do it.
Recent Topic
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
- NRI Query: Capital Gains Tax Exemption under Secti
- Royalty payment to UK
- Calculate ITR2 tax with equity and non equity prof
- LTCG on residential property sale - Rebate?
- TDS MISMATCH AND AIS
- Return filing for intervening period upto date of
- EPF Withdrawal taxation
- While e filing otp not generating
Related Topics
CAclubindia
