22 January 2022
Note that we are a register (In GST) manufacturing Company , this month(i.e. Jan,22) we gave a Quotation for Modification Charge Purpose to Interstate Party ( who Register in Gst) Rs. 94,400.00 (Including GST 18 %) as 60% ADVANCE basis and after received Interstate Party also paid the ADVANCE rupees (60%) Rs. 56640.00 as per our terms .
Now our question is we will shown this Advance Rs. 56640.00 in GSTR1 & GSTR3B Jan,22 return in if yes then please send us procedure and how to adjust next month this amount when Invoice will done because GSTR 3B now create autofill the data……
23 January 2022
Yes since it is service you will have to pay GST on advance and show it in your GST returns. For full procedure engage a professional. It should be a paid service.
CAclubindia
