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GSTR3B

Meet Shah (ACA) (178 Points)

07 August 2017

My firm is real estate developer now in GSTR 3B what should i mentioned in outword supplies column as we receive the amount of flat or shop in installments i.e for eg flat value ₹1cr we received the payments from the buyer in installments i.e ₹25lakh now in which column of GSTR3B I should mentioned the amount of ₹25lakh??

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13 Replies

(Guest)

it is advance payment received against sales of flast

when u received full amount u can book sales against

advance received

1 Like

Meet Shah (ACA) (178 Points)
Replied 07 August 2017

Sir i knoe that but what should i mentioned in GST returns ?? as we are paying GST on advance payment receipt

Manish kumar Rai (Article) (122 Points)
Replied 07 August 2017

Meet Sir,

In GSTR-3B you have to sales as well as advance at place in consolidated manner bcz its a provision return to assesse our GST liability.

in GSTR-1 there is seperate colum for supplies, advance and advance adjustment, u will have to fill data accourdingly.

2 Like

Meet Shah (ACA) (178 Points)
Replied 07 August 2017

Manish you are trying to say the in Outward supplies column i have to mention that amount but the same is not the sale this is purely an advance against the flat valu in GSTR 3B no seperate column for Advances

Manish kumar Rai (Article) (122 Points)
Replied 07 August 2017

Meet sir

if will see excel workbook of GSTR-1 there is seperate data entry sheet for b2b supplies, b2c supplies, advance received for the tax period (adv), advance to be adjusted for the tax period (advadj). same is also available for onling filing at gst portal,

different types vouchers you have to fill in different sheet,

Meet Shah (ACA) (178 Points)
Replied 07 August 2017

I know but what about GST R 3B??

Manish kumar Rai (Article) (122 Points)
Replied 07 August 2017

in gstr3b u hv to give in consolidated manner, total of sales+adv+purchase under RC-return-adv adj to calculate total liability of gst, then total of purchase to claim to claim ITC.

Manish kumar Rai (Article) (122 Points)
Replied 07 August 2017

in gstr3b u hv to give in consolidated manner, total of sales+adv+purchase under RC-return-adv adj to calculate total liability of gst, then total of purchase to claim to claim ITC.

1 Like

Rahul Khaitan (2 Points)
Replied 19 September 2017

sir i have a question that i was trying to file my gstr3b but my problem is that my purchase is more than my sales now what to pay the amount in the gst portel

purchase tax amount is approx 58362

sales tax amount is approx 44760

how much amount do i have to pay and how to pay that amount...