Treatment of advance against Export of services to USA

Kamal Pal (Dy. Mgr. Accounts) (128 Points)

04 March 2021  

Dear All, 

Respected  members, I have a query on treatment of Advance received against Export of Services ( ZERO rated supply) without payment of tax under LUT.

We received a remittance in advance in USD from USA against consulting services while booking for Feb 2021 GSTR 1,

1. Should I use Table 11A (TAX liability/advance received) for filing only?

2. And under this table I will choose POS  under "97-Other territory" because this advance is against Zero rated supplies (without payment of tax) and will choose 0% interest.

Please advice on the above and anything we should take care on matter, it's an urgent query as return due date for this will be 11th March 2021.

Looking forward to hearing from you.

Regards, 

KAMAL