Treatment in GSTR 1 if Advance refunded to party in subsequent month

[SHRIRAM AGRAWAL]

If have received an advance from our customer in May' 2018 and paid GST on the same by disclosing the same under advance received in GSTR 1 however, later on in the month of June' 2018, the advance was refunded to party due to some issues. Now where we can adjust this refund of advance in GSTR 1 of June' 2018.

AI Summary

Clarifying GSTR-1 Reporting for Refunded Advances: Refund Voucher, Debit/Credit Note Table 9B, or Table 11A? A query was raised about how to adjust a refunded advance in GSTR-1 after initially paying GST on it. The advance was received in May 2018 and refunded in June 2018. One response cited Section 31(3)(e) of the CGST Act, 2017, suggesting issuing a refund voucher. Another response advised showing the refund under the Debit/Credit note table No.9B in GSTR-1. An additional opinion suggested using table 11A for amending tax liability related to the advance received. The discussion aimed to clarify the correct reporting method for the refunded advance in GSTR-1.