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Advance received on export of service - disclosure in GSTR-1, Goods and Services Tax - GST |
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Advance received on export of service - disclosure in GSTR-1 |
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A Registered Person is receiving advance on export of services (without payment of tax under LUT). Which column should the advance amount be disclosed in GSTR-1 and GSTR-3B? Posts / Replies Showing Replies 1 to 3 of 3 Records Page: 1
Sir, since export is without payment of IGST under LUT the receipt of advance there is not liable to GST. As such the information of advance received is not required to be furnished in the return.
Ld friend Ganesh Ji, 1. Export of service (which is zero-rated u/s 16 of IGST Act) still continues to be supply of service. 2. Time of supply of such service as per section 13 of CGST Act (read with 20 (iii) of IGST Act) is issuance of invoice or date of payment, which ever is earlier. 3. So when advance for export of service is received, isn't the time of supply u/s 13 attracted? 4. If yes, shouldn't it be declared somewhere in GSTR-1/GSTR-3B?
Nevertheless, I profusely thank you for replying to my query Ganeshan Ji. Page: 1 |
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