Gstr 1 iff qrmp scheme

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If you've received an advance payment for services in October but have no sales to report, you still need to account for the GST. You must calculate the tax liability on the advance, grossing it up to include GST, and issue a tax invoice. This advance should be shown in your regular GSTR 1 filing, not the IFF. The tax due must be paid via challan by 25th November 2021.

Manisha Makhija

Manisha Makhija (Querist)

11 November 2021 hello everyone

i want to file monthly gstr 1 (iff) for october. We are having no sale in the month of october and

have only received advance against service.

how shall i show that in gstr 1 as no specified table of advance received is given.

kindly reply and thanks in advance.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)

11 November 2021 You have to calculate tax on advance and pay tax while filing the return for the month. The advance received should be grossed up. This means that the advance received is considered inclusive of GST.
Issue tax invoice for the advance received and show it in GSTR 1.

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CA Altamush Zafar

CA Altamush Zafar (Expert)

12 November 2021 No need to file IFF for advance. You will have to calculate your liability for the month though and pay through challan by 25th November 2021

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