Treatment in GSTR 1 if Advance refunded to party in subsequent month

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..... Treatment in GSTR 1 if Advance refunded to party in subsequent month
Query (Issue) Started By: - SHRIRAM AGRAWAL Dated:- 10-7-2018 Last Reply Date:- 12-7-2018 Goods and Services Tax - GST
Got 4 Replies
GST
If have received an advance from our customer in May' 2018 and paid GST on the same by disclosing the same under advance received in GSTR 1 however, later on in the month of Jun .....

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..... e' 2018, the advance was refunded to party due to some issues. Now where we can adjust this refund of advance in GSTR 1 of June' 2018. Reply By Alkesh Jani: The Reply: Sir, In this regards, Section 31 (3)(e) of the CGST Act, 2017 is reproduced below:- "(e) where, on receipt of advance payment with respect to any supply of goods or services or both the registered person issues a receipt .....

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..... voucher, but subsequently no supply is made and no tax invoice is issued in pursuance thereof, the said registered person may issue to the person who had made the payment, a refund voucher against such payment;" The details to be contain in the refund voucher is given at Rule 51 of CGST Rules, 2017. Thanks Reply By SHIVKUMAR SHARMA: The Reply: Dear Expert Query of the Querist is where this R .....

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..... efunded amount to the Customer is to be shown in the GSTR-1 .? Reply By Alkesh Jani: The Reply: Sir, It is to be shown under Debit note / credit note table No.9B. Thanks to Sh. Shivkumar ji for drawing my attention to the part I missed. Thanks Reply By SHIVKUMAR SHARMA: The Reply: As per my view we should show this in the table 11A -Amend Tax Liability(Advance Received)
Discussion Foru .....

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..... m - Knowledge Sharing .....

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