TMI BlogGST on AdvanceX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, Please suggest if advance received liability adjustment against such advances not shown in GST Returns filed up to Feb 20 for FY 19-20, whether we can show it in March GSTR 1 in Table ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 11A of Amended Advance Tax Liability accordingly Amended Advance adjustment in Table 11B for related month ? If not, then how to report such transactions in GST Returns ? Another one, after abov ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e adjustment still some advance not exhausted up to March, whether we need to show in March 20 GSTR-1 pay GST on the same ? Last one, How we need to compute interest liability for the same ?? ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... I would be grateful if could suggest me. Thank You, - Reply By Spudarjunan S - The Reply = Dear Sir, You can amend the same in the subsequent GST returns. Further, you can go on adjustin ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... g the transactions of 19-20 till the return for the period September 2020. Section 37(3) proviso and 39(9) proviso r/w circular 26/2017 - Reply By Spudarjunan S - The Reply = Interest woul ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... d be calculated on net cash payable form the date of receipt of such advance till the date of payment of tax. - GST on Advance - Query Started By: - Ashiesh Prremji Dated:- 19-4-2020 Goods and Serv ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ices Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... com - TMI - TaxTMI - TMITax ..... X X X X Extracts X X X X X X X X Extracts X X X X
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