I request your suggestions on my following queries.-
1) I forgot to adjust advance paid on GST from tax liability while filing GSTR-3b but adjusted in GSTR-1 , credit for the same have not been reflected in electronic cash ledger.
what should i do?
2) i have amended some invoices in Gstr-1 in the month of dec'17, credit for the above also have not been reflected?
please provide your useful suggestions.
Menu
Query regarding electronic credit ledger
Replies (8)
| Originally posted by : Shubham Jain | ||
 |
I request your suggestions on my following queries.-1) I forgot to adjust advance paid on GST from tax liability while filing GSTR-3b but adjusted in GSTR-1 , credit for the same have not been reflected in electronic cash ledger.what should i do?2) i have amended some invoices in Gstr-1 in the month of dec'17, credit for the above also have not been reflected?please provide your useful suggestions. |  |
Electronic Cash ledger effected withthe adjustedment of GSTR-3B Not GSTR-1
what should i do now?
You will have to make such adjustment/amendment in next month GSTR 3b. Then credit will reflect in electronic cash ledger. As already told by Mr. Ravi ECL will update with filing of GSTR 3B not GSTR 1.
means i will have to reduce tax liability by that amount in next month?
In your query (1) have you paid gst on advance payment for supply. explain the transaction.
yes sir i have paid
| Originally posted by : Shubham Jain | ||
|
I request your suggestions on my following queries.- 1) I forgot to adjust advance paid on GST from tax liability while filing GSTR-3b but adjusted in GSTR-1 , credit for the same have not been reflected in electronic cash ledger.what should i do? - Go to less the Same values in Your next GSTR 3B. After your credit ledger is increased as per Your reversed values. Not on Cash Ledger 2) i have amended some invoices in Gstr-1 in the month of dec'17, credit for the above also have not been reflected? - Also the above same way in GSTr 3B please provide your useful suggestions. |
|
| Originally posted by : Shubham Jain | ||
|
means i will have to reduce tax liability by that amount in next month? | |
Yes... It's reduced your current returns liability
Recent Threads
- Query of Goodwill
- Remuneration to Partners
- Request For Dhirajlal Rambhia
- Tds deduction queery
- Check ITR1 on income tax Form ITR1 Instead of 1 ho
- Form 121 requirement
- Interest on reversal of ITC when ITC balance avail
- Is MirrorFly an Instant Messaging Software?
- ITR filling for legal heir
- How Can I qualify CA Final Exam?
Related Threads
CAclubindia
