11 December 2019
against work contract services, we recd. X amount as advance in 20-Nov-2019. and work will start in dec-2019. and we will make invoices in Jan -2020 second week.
how can we show advances in GST R-1 and GST-3B. We have to pay GST on advance amount? if yes when ? and in which month we set off the GST on advance. and where we show advance GST 3B in Nov-19 Return and bill GST 3B in Jan -2020 Return.
11 December 2019
1. Generate advance receipt for advance in the month of Nov,19 2. Show the same in Nov,19 GSTR -1 as advance , GSTR-3B as outward supply and pay the GST 3. Adjust advance amount with invoices i in Jan,20 in GSTR 1, Show the balance amount if any ie invoice amount - advance as outward supply in GSTR 3B and pay GST
CAclubindia
