shalini (CA) (525 Points)
19 March 2018I deposited GST on advance payment received from client in December,2017. Now that contract got cancelled and I have returned the money to the client in February 2018. How do I claim refund of GST paid on advance payment? I am filing GSTR- 3B for February now.Can I offset this excess paid GST with February month GST outward liability?
Please guide.
Pankaj Rawat
(GST Practitioner)
(55052 Points)
Replied 19 March 2018
shalini
(CA)
(525 Points)
Replied 19 March 2018
Thanks all for the prompt reply.
I have already issued refund voucher to the client. I didn't raise any tax invoice at the time of receipt of advance payment. Can I issue credit note now?My query is that how can I claim refund of GST which I have deposited to the governement?
I didn't find any adjustment facility in GSTR-3B so should I pay whole outward GST liability for February in GSTR-3B and apply for refund separately or I can offset it?
Divakar
(Student CA Final )
(11857 Points)
Replied 19 March 2018
Divakar
(Student CA Final )
(11857 Points)
Replied 19 March 2018
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