GSTR-1

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This query is : Resolved

Sachin Kumar (Querist)

28 December 2017 We had received total advance of Rs. 5,00,000 in July, August, September 2017 for meditation shivir and paid GST on paid. We had filed Gstr-1 of above 3 months. In October 5,00,000 was refunded to participants. can we take refund of GST paid...? where to show in gstr-1 that we had refunded amount ...?

RAJA P M

RAJA P M (Expert)

28 December 2017 As per my View.,
The advance is refundable then it's accounted under Deposits or Loans and Avances. Also here no more supplies based on the Advance Received. So, No need to pay GST Tax for Advance receipts...

But,
You are paid and also you are filed the details. Now you are repaid the amount...
So, You can prepare 'PAYMENT VOUCHER" and show the details in "COLUMN NO-11 OF GSTR 1".

NOTE :
The column is based on supplies with adjustments. But, You can't make any supplies for the advance. So, You ll show the details in that column...

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