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Work contractor
part payment is received by contractor in feb but work contract is under process it will be complete by april 2021 then.how and where to show in gstr1 in which mth it is to be shown for part payment which is approx 3.5 lacs
Replies (1)
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Action: Report the advance in Table 11A of your February GSTR-1.
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Documentation: Issue a Receipt Voucher for the ₹3.5 lakh received in February.
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Adjustment: Adjust the tax paid on the advance in Table 11B of your April GSTR-1 when the final invoice is issued upon project completion.
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