Advance received for Export of services

[Mohideen A]

Dear Experts,

Whether advance received for Export of services (zero rated supply) to be reported in Table 11A -Tax Liability (Advances Received) of GSTR-1 ?

Thanks

[PAWAN KUMAR]

Dear Sir,

as per my view you need to show the details in table 11A of GSTR-1.

[Spudarjunan S]

Dear Mohideen,

Technically yes, you have to disclosed the details of advance received for services in GSTR-1 and 3B.

Practical Issues to be considered while disclosing the advances for export of services is that your GSTR-1 and 3B would not match between Table 6 of R-1 and Table 3.1.(b) of R-3B for the respective period and there would be a practical perplexity in claiming refund.

[PAWAN KUMAR]

In GSTR-1 there will be reporting in table 11 but not in GSTR-3B since supply has not yet completed. if supply is completed in next tax period, then again the details to shown in table 6 GSTR-1 and correspondingly shown in 11B of GSTR-1 and table 3.1 (b) of GSTR-3B

AI Summary

Advance for export of services: disclose in GSTR-1 now, report in GSTR-3B only after supply completion to avoid mismatches. Advances for export of services (a zero-rated supply) should be disclosed in GSTR-1 in the advances table (Table 11/11A); such advances need not be shown in GSTR-3B until the supply is completed, at which point the transaction is reported in Table 6 and invoice/adjustment tables (11B) of GSTR-1 and in Table 3.1(b) of GSTR-3B. Reporting advances earlier can produce mismatches between GSTR-1 and GSTR-3B and complicate refund claims.