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

[SHRIRAM AGRAWAL]

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.

[Alkesh Jani]

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 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

[SHIVKUMAR SHARMA]

Dear Expert

Query of the Querist is where this Refunded amount to the Customer is to be shown in the GSTR-1 .?

[Alkesh Jani]

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

[SHIVKUMAR SHARMA]

As per my view we should show this in the table 11A -Amend Tax Liability(Advance Received)