TMI BlogRefund of AdvanceX X X X Extracts X X X X X X X X Extracts X X X X ..... Dear Sir, As per Circular No. 137/07/2020 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... its cancelled before issuing Invoice. 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 ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... per my view answer to question no. 2 of GST 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 Rep ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... ly = There wont be any issue. The GST paid by you over and above the advance is eligible for the refund. You shall prove that amount received from customer is returned. - Reply By YAGAY andSUN - Th ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... e Reply = Such payments of GST on Advances to Government are refundable when the amount paid received as advance, paid back to the Customer. - Reply By KASTURI SETHI - The Reply = I support the v ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... iews of all experts. - Refund of Advance - Query Started By: - Ashiesh Prremji Dated:- 12-5-2020 Goods and Services Tax - GST - Got 4 Replies - GST - Discussion Forum - Knowledge Sharing, reply pos ..... X X X X Extracts X X X X X X X X Extracts X X X X ..... t 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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