How to deal withh gst on advances post 15-11-2017

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As GST on advance received for supply of goods has been done away with from 15/11/2017, how do we now plan to file our GSTR-1 returns?

For July, both GSTR-3B and GSTR-1 have already been filed with advances.

For August, September and October - GSTR-3B was filed with advance received/advance adjusted and tax paid. So what do we do now when filing GSTR-1? Also when the actual sale of goods takes place say in December or subsequently, then we go for advance adjustment only and ignore any advance received?

For November, do we still have to pay GST on advances till 14/11/2017?

Thanks in advance!

 

Replies (3)
Amendments effective from prospective not retrospective
Now ignore gst on advances in respect of goods

The Advance related GST is Applicable 1st July to 12th October to all registered delaer...

It's applicable for above 1.5Cr dealers From 13th October to 14th November...

From 15th it's applicable only for service related activities.....

 

If you are under above said anyone of the way you ll be pay taxes on the above said period and show it in GSTR 3B & GSTR 1.

Also when you made suppliesat the time you ll be reverse the details...

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