Adjustment of Advance Received

[RAHUL GAIKWAD]

We have received the Advance Payment ₹ 10,30,424/- on 10/08/2017.,against Order and paid the CGST & SGST Total ₹ 185476/- at the time of filling 3B return for the month of August 2017. The advance receipt is shoun in GSTR-1 return properly.

We have made the supply against said order in the month of Jan-2018 and paid the full amount of tax as per Invoice Value and shown the sales in 3B without deduction the tax paid on Advance receipt.

Thus We have paid the tax at the time of Advance as well as after making supply.

Kindly provide the solution to reclaim of said Tax paid on advance, as how to claim back.

AI Summary

Party Seeks GST Refund for Double Tax Payment on Advance; Circular No. 26/2017-GST Offers Solutions. A party inquired about reclaiming Goods and Services Tax (GST) paid on an advance of 10,30,424 received in August 2017, for which CGST and SGST totaling 185,476 were paid. The supply was made in January 2018, and the full tax was paid again without deducting the advance tax. Two replies suggested solutions: referring to Circular No. 26/2017-GST allows reducing the next month's tax liability or claiming a refund. One response recommended adjusting the next month's liability as the more feasible option.