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

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... 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 June' 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, Sectio .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... n 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 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 su .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... ch 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 Refunded 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 t .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... o 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) - Treatment in GSTR 1 if Advance refunded to party in subsequent month - Query Started By: - SHRIRAM AGRAWAL Dated:- 10-7-2018 Goods and Services Tax - GST - Got 4 Replies - GST - Discussi .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X

..... on Forum - Knowledge Sharing, reply post by an expert, personal opinion Tax Management India - taxmanagementindia - taxmanagement - taxmanagementindia.com - TMI - TaxTMI - TMITax .....

X X   X X   Extracts   X X   X X

→ Full Text of the Document

X X   X X   Extracts   X X   X X