Question ID : 40839

090631

1. a) last year gst paid on advances b) this year invoice issued against that and not shown in gstr 3B 2. advance received for say 10 years and gst duly paid and it is amortised in 10 years in b sheet as income NOW FORM 9 WHERE TO SHOW the above incomes in 1 and 2 TO TALLY WITH SALES IN BALANCE SHEET.

The principles of turnover for GST and the financials are different. Hence there is bound to be difference between returns and financials in these cases. It cannot be made to tally though the difference can be explained in GSTR9 appropriately. I do not envisage any department intervention once the tax is paid and revenue is booked belatedly as per accounting principles.