How show in GSTR-1 for sale against Advance received in Different rate

[Bhavesh Patel]

A builder who received advance against booking from a party under various tax rate 1) 10,00,000/- @ 4.5(Service Tax) on 01.05.2017, 2) 15,00,000/- @ 12%(GST) on 01.04.2018 3) 15,00,000/- @ 5% (GST) on 01.05.2019. Now on 01.06.2019 sale deed executes. So how we show the sale of ₹ 40,00,000/- in GSTR-1 in B2C Supply & Advance Adjusted? At sale rate(@5%) or at advance received rate(@15% + @12% + @5%).

AI Summary

Treatment of advances under GST: whether final B2C sale in GSTR 1 uses advance tax rates or the sale rate. A builder received advances at different tax rates at various times and later executed a sale deed; the issue is whether the consolidated B2C sale value in GSTR 1 adjusted for advances should be reported at the rates applicable when each advance was received or at the rate applicable at the time of sale.