Dear Experts
We have received an amount of 1,00,000 from a customer and it is for our previous year due. But by mistake we have done as advance received from customer and 18% tax on this amount deposited . So now how to rectify the same.
Your early advice needed as tomorrow is the due date for filing GSTR-1
Thanks & Regards
Gupta
That I know but how to reverse in GSTR-1 ?
Yes I have filled the details of GSTR-1 details,
If I reduce our tax liability in next month means in Aug-18 in GSTR-3B and keep GSTR-1 as it is -- what happen? Will department send any notice etc ?
CAclubindia
