GST ON ADVANCE

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gst advance has stopped by 15 nov 2017.

but prepare of advance voucher is mandatory.

it is necessary to show it in gstr1
Replies (9)
Tax on Advance for sale of goods has been stop.
On service it is still chargeable and
Have to prepare advance voucher as per accounts rules.
So it is better if you show it in gstr1.
after 15 nov 2017 , I don't deduct gst on advance received by us against goods.

and don't make advance voucher and nit show in gstr-1, then what can I do now
pl tell me
See as per accounts rule, you need to maintain it.
So please maintain, as regards with disclosure in gstr 1,it is okay as its just beginning.
ok thanx
is it okay if we do not declare advance received gst in gst 3b but declare in gstr 1?

further when we adjust the advance against sales invoices should we declare the gst both in b2b column and advance rec'd column in gstr 1?
Gstr 3b presentation :
Advance has to be in unleaded in total supply colum as formula of taxable supply provided below 3b includes advance.
Gstr 1 presentation :
1. Add to advance coloum if advance is received and sales is not there in same month.
2. And when sales happen Show sales as per b2b or B2C and show the advance adjusted in coloum provided for advance adjustment.

As regards to not showing in 3b and showing in gstr 1
You will incure additional tax liability and interest there on.

Thanks Dnyanesh.

Mr Dayamesh

but gst is not applicable on advance for goods (except service)
Can we show only document column and advance receipt voucher in nos.


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