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TMI BlogAdjustment of Advance ReceivedX X X X Extracts X X X X X X X X Extracts X X X X ..... We have received the Advance Payment ₹ 10,30,424/- on 10/08/2017.,against Order and paid the CGST SGST Total ₹ 185476/- at the time of filling 3B return for the month of August 2017. The ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... advance receipt is shoun in GSTR-1 return properly. We have made the supply against said order in the month of Jan-2018 and paid the full amount of tax as per Invoice Value and shown the sales i ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n 3B without deduction the tax paid on Advance receipt. Thus We have paid the tax at the time of Advance as well as after making supply. Kindly provide the solution to reclaim of said Tax paid o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... n advance, as how to claim back. - Reply By Alkesh Jani - The Reply = Sir, In this regards, Please refer Circular No.26/2017-GST dated 29.12.2017. As per the said Circular you can either reduc ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e your liability in the next month or you can claim refund. Thanks With Regards - Reply By YAGAY andSUN - The Reply = Adjusting the next month's liability will be more feasible and this o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ption needs to be exercised. - Adjustment of Advance Received - Query Started By: - RAHUL GAIKWAD Dated:- 2-6-2019 Goods and Services Tax - GST - Got 2 Replies - GST - Discussion Forum - Knowledge ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... 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 X X X X Extracts X X X X
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