Advance Received from Party

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MANAGER
373 Points Posted on 21 September 2021

Which Type of ADVANCE RECEIVED show in GSTR 1 , Column No. 11A(1),11A(2) Tax Liability (ADVANCE RECEIVED)?

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On 21 September 2021 at 18:42 Report
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This discussion clarifies how to report advances received in GSTR 1, specifically in columns 11A(1) and 11A(2). It highlights that GST is applicable only on advances received for future services, not for goods. The thread also addresses whether all service advances should be declared or if exempt services are an exception.

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GST Practitioner & Accounts
15150 Points Posted on 21 September 2021

GST applicable Only in case of advance received against services you suppose to  provide in future not for Goods . 

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On 21 September 2021 at 19:52
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Chartered Accountant
24588 Points Posted on 22 September 2021
Advance received for services
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On 22 September 2021 at 09:24
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MANAGER
373 Points Posted on 24 September 2021

All advance received for service shown in gstr1 advance column or some service recived exempt here?

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On 24 September 2021 at 22:39
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Chartered Accountant
24588 Points Posted on 02 November 2021
For registered
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On 02 November 2021 at 14:33

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