Whether I have to show this advance amount in gst 1 for the month of July return?

My client received 5 LACS as advance on may 2017. It shows balance in July 2017. Whether I have to show this advance amount in gst 1 for the month of July return? What about for the month of August 2017 if advance still have 5 LACS balance?

Asked on September 4, 2017 in Miscellaneous.
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2 Answer(s)

No detail to be given if advance still remain same. you have to give effect only when actual sale is made agt advance received.

Answered on September 4, 2017.
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There is no requirement to provide details regarding the same, but if such amount is to be returned back then refund voucher on the same is to be issued accordingly.

Answered on September 5, 2017.
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Your Answer

Gen GST