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Advance receipt against export of services

Import / Export 5992 views 9 replies

Chandrika N M

Finance

3 Points Posted on 07 April 2019

Dear All,

Can somebody please guide me as to how to enter advance received against export of services in GSTR 1. Invoice has not been issued against this advance received as the work has not been done against the same yet.

Thanks & Regards.

Chandrika.

Replies (9)

Quick Summary

Advance received against export of services is generally not required to be reported in GSTR-1 until the invoice is issued. Many experts suggest issuing a receipt voucher, but reporting in GST return is unclear due to portal limitations for export of services. Taxability depends on LUT and timing of invoice vs advance.

Ajeet Singh

Service

190 Points Posted on 07 April 2019

Not required to report any advance received in GST Return.

Report on Export at the time of Commercial Invoice Raised with details of Shipping Bill, Bill of Lading/AWB.

Chandrika N M

Finance

3 Points Posted on 07 April 2019

As it is export of service there will be no shipping bill. Can you plz share the reference of the section/rule/notification regarding this.

Thanks and Regards.

Chandrika.

Vipul Acharya

Account Officer

653 Points Posted on 07 April 2019

In case of export service date of booking of service invoice and what will be the exchange rate if invoice raised in USD

Rahul Rustagi

Student CA Final

310 Points Posted on 07 April 2019

I think receipt voucher is required to be issued against the advanced received and should be shown under 'advance received' in GSTR-1.

Ajeet Singh

Service

190 Points Posted on 07 April 2019

CGST Notification no. 66/2017 exempts all taxpayers from payment of tax on advances received in case of supply of goods..GST on Advance receipt in Services continued..

pritesh

CA Final student

7106 Points Posted on 07 April 2019

Advanced received for export of service need to ne reporter in gstr 1 by giving receipt voucher number in advanced received tab

Aarish

28 Points Posted on 05 June 2019

there is no option to show "Other country" in "Place of supply" tab in GSTR 1. So GST portal does not allow to report advance of services for export (with or without payment of tax). For advance received for exempt supply within India one can show in 0% rate.