I have received Advance for the month and i have paid the tax on the davances received. and shown that adavances as advance received in GSTR1. afterwards the adavance have been returned to customer. now i have to show that in GSTR1. where can i show that.
(Remember it is not a sale just advance tax liability and no invoice is raised)
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Replies (3)
to take credit of that in next month
Agree with Mr. Naveen Chand. Please note that For the supply of goods advance received is not subject to GST. The entire amount will be taxed on the issue of the invoice (Notification no. 66/2017 w.e.f. 15th November 2017).
Above notification is not applicable in case advance received for supply of service.
Above notification is not applicable in case advance received for supply of service.
I think you can try for amendment in advance table. Not sure.
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