Gstr 1 iff qrmp scheme

This query is : Resolved

Manisha Makhija (Querist)
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11 November 2021 hello everyone

i want to file monthly gstr 1 (iff) for october. We are having no sale in the month of october and

have only received advance against service.

how shall i show that in gstr 1 as no specified table of advance received is given.

kindly reply and thanks in advance.

CA R SEETHARAMAN

CA R SEETHARAMAN (Expert)
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11 November 2021 You have to calculate tax on advance and pay tax while filing the return for the month. The advance received should be grossed up. This means that the advance received is considered inclusive of GST.
Issue tax invoice for the advance received and show it in GSTR 1.

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CA Altamush Zafar

CA Altamush Zafar (Expert)
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12 November 2021 No need to file IFF for advance. You will have to calculate your liability for the month though and pay through challan by 25th November 2021

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