gst on advance and invoicing

[Madhavan iyengar]

Advance received for services in FY 18-19 and GST paid in 3B and shown in GSTR-1

Invoice was also raised in FY 18-19 and gst discharged and shown in GSTR-1 and 3B

Issue:

GST was paid twice without adjustment of advance

Whether we can adjust the excess gst in FY 19-20 or should we claim refund of the excess gst paid

AI Summary

Double GST payment on advance: adjust within the statutory adjustment period or disclose and claim refund afterward.
Excess GST paid on advances may be adjusted against subsequent liabilities within the statutory adjustment period; if not adjusted before the prescribed cut-off, the taxpayer must disclose the excess in the annual return for the relevant year and apply for a refund under the statutory refund procedure.