A functional hall gst registeration dealer advance received from customers.if function cancel advance refund to customers.
How to adjustment advance amounts refund to customers shown columns in gstr3b and gstr1 gst returns for April ,may,2020 months.
As per Circular No 137/07/2020-GST dated 13-04-2020 in case of refund of advance for service is made wherein invoice has been issued earlier, adjustment can be claimed against output tax liability by issuing credit note. In absence of output tax liability, refund can be claimed.
Such Credit Note be shown in Table 9 of the GSTR-1 and to be netted in the value of taxable supply of GSTR-3B in which credit note is issued.
In case where invoice has not been issued you need to issue refund voucher and apply for refund of GST.
Only disclosure of numbers of refund voucher need to be shown in GSTR-1. Rest no impact.
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