Gst on advance payment

252 views 4 replies

Sir

We are providing Works Contract Service.  We have received an advance of Rs.10,00,000.00 as Advance on 16-09-2017 and paid GST for the advance Rs.1,52,542.00 with Sep-2017 GSTR3B.  But the actual invoice for the works we raised an Invoice on 20-02-2019 for Rs. 13,49,901.00+GST 2,42,982.00 = 15,92,883.00.  Now my GST Consultant  says we can't adjusted the GST paid for Advance Receipt and pay the full amount (ie 2,42,982) instead of (2.42.982 - 1,52,542 = 90440).

Experts please advise.

 

 

 

Replies (4)

Kindly refer the below link, which I find to be of some help to you.

 

Thanks.

Kindly refer the below link, which I find to be of some help to you.

https://www.gsthelplineindia.com/blog/2018/11/15/gst-on-advance-payment-received/

 

Thanks.

Kindly refer the below link, which I find to be of some help to you.

https://www.gsthelplineindia.com/blog/2018/11/15/gst-on-advance-payment-received/

 

Thanks

Chanchal

right

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 June 2026
Accounts Executive

Getfive Advisors Pvt. Ltd.

Ahmedabad

CA Inter

View Details
Company
05 July 2026
Financial Controller

NovumLake Partners

Mumbai

CA

View Details
Company
29 June 2026
ACCOUNTANT

SANDEEP AASHISH & CO

Araria

B.Com

View Details
Company
06 July 2026
Chartered Accountant (Indirect Taxation)

Gowra Ventures Pvt Ltd

Hyderabad

CA

View Details
Company
06 July 2026
Accountant

Agarwal Anoop and Associates

Noida

CA Final

View Details
Company
ARTICLESHIP 24 June 2026
CA Article Trainee

Rahul Dang & Associates

Pune

CA Inter

View Details
Company
22 June 2026
Accountant

Global Image Technologies Private Limited

New Delhi

MBA

View Details
Company
ARTICLESHIP 20 June 2026
Articleship

RB KESHRI & CO

Mumbai

B.Com

View Details