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Gst on advance payment

Others 247 views 4 replies

Sir

We are providing Works Contract Service.  We have received an advance of Rs.10,00,000.00 as Advance on 16-09-2017 and paid GST for the advance Rs.1,52,542.00 with Sep-2017 GSTR3B.  But the actual invoice for the works we raised an Invoice on 20-02-2019 for Rs. 13,49,901.00+GST 2,42,982.00 = 15,92,883.00.  Now my GST Consultant  says we can't adjusted the GST paid for Advance Receipt and pay the full amount (ie 2,42,982) instead of (2.42.982 - 1,52,542 = 90440).

Experts please advise.

 

 

 

Replies (4)

Kindly refer the below link, which I find to be of some help to you.

 

Thanks.

Kindly refer the below link, which I find to be of some help to you.

https://www.gsthelplineindia.com/blog/2018/11/15/gst-on-advance-payment-received/

 

Thanks.

Kindly refer the below link, which I find to be of some help to you.

https://www.gsthelplineindia.com/blog/2018/11/15/gst-on-advance-payment-received/

 

Thanks

Chanchal

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