I have an Issue with the Adjustment of Advances filed in the GSTR1 with the Advance GST Tax is paid in the Previous Month as Advance Received
For Example: I have Received the Advance of Rs.50,00,000 and Plus GST of Rs.9,00,000 in May'24 and the Total value of 59 Lakhs as advance
Which the Invoice has splitted into 10 Invoices as of for the Project Period requirement The Advance of Rs.9lakhs has been paid in Advance Received in the Month of May'24, In June I have raised the First Invoice for the Advances received, I have shown the same in the Adjustment of Advance Received 11B (1) & 11B(2)
But It reflecting in the GSTR3B for the Liability to be paid
Kindly share your thoughts on this
As we already shown in adjustment of adavances why it reflecting Tax Liability in GSTR3B
CAclubindia
