REFUND VOUCHER IN GSTR-1

[UDAYKANT PATHAK]

Sir,

In Real Estate Business Flat advance received on 25th of june 2017 and in GST Regime Flat is cancelled now when refund of Amount to Customer issued vide Refund Voucher how and which table can reflect in GSTR1 ?

AI Summary

GST Refund Process for Canceled Real Estate Bookings: Use Credit Voucher and Note for Transitional Transactions In a discussion about GST in the real estate sector, an individual inquired about reflecting a refund in GSTR-1 after a flat booking was canceled. One respondent suggested using a credit voucher instead of a refund voucher. Another respondent clarified that for transitional transactions, it should be treated as a supply, and a refund voucher is appropriate, but a credit note is also necessary.