GST on advance received from customers
This query is : Resolved
Rupesh Jain
(Querist)
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.
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
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
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Depreciation Chart Companies Act
- GST Audit whether Govt Companies are exempt?
- PTRC Show Cause Notice on Email
- Accounting treatment of AMC alongwith the purchase of Laptop
- Unable to File TDS Q2 Return – New TRACES Portal Error
- Capital Gail Exemption Certificate
- Taxation of crypto futures in India Fy 2026- 2027
- Transfer of Physical Stock Between Two Proprietorship Concerns
- EPF ECR NEW RULES Sep 17th 2026
- Not ordinarily resident having partnership income in India and salary in USA is any form to filed be
- GST Treatment of Purchases with GST Paid where Outward Supplies of Manufactured CattleFeed Exempt
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Goods sold but invoice not issued
- Tally: Imported bank entries do not show up in manual reconciliation
- Sales of goods of amount Rs97 lakhs to a party
- Confused About My Career After 12th — Cyber Security, AI or Finance? Need Guidance
- FAST-DS 2026 Under Tax Law - No recourse or support for person declaring via this scheme?
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
