Advance received against Export of Services

16 June 2021

Hello,

Is advance received against Export of Services, having LUT Bond, to be shown in Gstr-1 & Gst-3b?

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5 Replies

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 16 June 2021

Yes it is to be shown

CA Altamush Zafar (GST Consultant) (15971 Points)
Replied 16 June 2021

Yes, but it is better to issue invoice for each receipt to keep it simple

vikram kerekar (1244 Points)
Replied 16 June 2021

Invoice has already been issued but part payment received

CA Altamush Zafar (GST Consultant) (15971 Points)
Replied 16 June 2021

You have to file the invoice in the return. No need to show payment

CA. Sourav Sarkar (Chartered Accountant ) (24583 Points)
Replied 16 June 2021

File the invoice

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