Recently provided by GST council to deduct GST amount from advance given to vendor; buyer can avail input credit on such advance. Guideline also provided to vendor to adjust GST on advance received and taxed on net of advance (plus GST on Advance) bill amount. What cound be Journal entries pattern in order to care for knocking off advance, recovery of advance, GST, GST input, vendor/customer A/c etc.
The reason of query is because liabilities of GST laid on both side linked with advance & Sale/Purchase. It would be good enough to guide on both side i.e. vendor & customer end accounting treatement. I tried but couldn't !! 
Regards
CAclubindia
