In case advance received by land owner from buyer ,how to show in his and promoter GSTR1
YASHWANTH Asked question December 6, 2020
Sale of TDR being a supply of service which is subject to RCM. The TOS in this case will be attracted on payment of advance and thus payment of GST on such advance will be required to be made by promoter.
For promoter it being inward supply, it is not be mentioned in GSTR-1 which is a outward supply return. Further the landowner shall shown it in table 4B of GSTR-1.
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Frah Saeed Changed status to publish December 10, 2020