I had received an advance for inter-state services in Fy 2019-20 in the March 2020 and according to GST rules we had paid the IGST on Advance so received and file the GST returns 3B & 1accordingly. Now till that time, the service of Job Work is not provided by us due to some reasons and for this my Query is : - 1. Is there have any time period restriction to adjust the said advance IGST paid in the Fy 2019-20 or we can adjust the same in any subsequent year. 2. We can adjust the said advance IGST against any other inter-state company in the same state or note?
Kindly reply for the said 2 query's of mine. Thanks JSINGH
08 December 2020
There is no such time limit to adjust the GST paid on advance. You can adjust in subsequent year. No, you cannot adjust with other supply.
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