30 December 2019
Advance received against supply of goods does not attract GST but advance against supply of services attracts GST . The advance receipt voucher is required to issue containing relevant details in order to comply with the GST rules. It will reflect n Table 11 A of GSTR 1
30 December 2019
Details of advances as well as adjustment of advances against invoices are not required to be shown separately in GSTR 3B
Details of Table 3.1(a) will consist :- Value of invoices + value of debit notes – value of credit notes + value of advances received for which invoices have not been issued in the same month – value of advances adjusted against invoices
CAclubindia
