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TMI BlogRefund of AdvanceX X X X Extracts X X X X X X X X Extracts X X X X ..... Refund of Advance X X X X Extracts X X X X X X X X Extracts X X X X ..... 37/07/2020 dated 13 April 20, it is clarified that we need to go for Refund through Form RFD-01 in case of refund of Advances on which we paid GST & subsequently its cancelled before issuing Invoice. ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... GST has been paid on gross value of advance (Ex - Adv Received 1000, GST 180), will there any issue in refund process ? Reply By PAWAN KUMAR: The Reply: As per my view answer to question no. 2 of GS ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... T Circular no. 137 is fit for this case. Refund should be filed as excess payment of tax in GST RFD-01. Reply By CAVenkataprasad Pasupuleti: The Reply: There wont be any issue. The GST paid by you o ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ver and above the advance is eligible for the refund. You shall prove that amount received from customer is returned. Reply By YAGAY andSUN: The Reply: Such payments of GST on Advances to Governmen ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t are refundable when the amount paid received as advance, paid back to the Customer.
Reply By KASTURI SETHI:
The Reply:
I support the views of all experts. X X X X Extracts X X X X X X X X Extracts X X X X ..... ..... X X X X Extracts X X X X X X X X Extracts X X X X
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