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Works contract- advance received & GSTR-1

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538 Points Posted on 27 August 2023
Dear Sir, a works contractor received advance for flat sale, but sales deed not made in Govt. register. How I show this advance in GSTR-1 - as advance or sale, and in 3B. pls..
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On 27 August 2023 at 22:11 Report
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CFO- at NHTF
58280 Points Posted on 28 August 2023
The advance should be first segregated into Interstate and intrastate advances. The gross figure of advances received should be mentioned under Gross Advance Received/ Adjusted
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On 28 August 2023 at 06:25
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538 Points Posted on 28 August 2023
Sir, it is intrastate, so I declare as advance received not sale, pls...
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On 28 August 2023 at 11:10


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