Goods and Services Tax – Started By: – saravanan rengachary – Dated:- 27-10-2017 Last Replied Date:- 7-11-2017 – Please suggest:GST is paid on the advance received from Customer. Subsequently, Customer has cancelled the order and asking us to refund the advance paid. Goods also not supplied.Please suggest how to adjust the GST paid on advance amount.Saravanan. – Reply By Rajagopalan Ranganathan – The Reply = Sir, According to Section 31 (d) & (e) of CGST Act, 2017 a registered person shall, on receipt of advance payment with respect to any supply of goods or services or both, issue a receipt voucher or any other document, containing such particulars as may be prescribed, evidencing receipt of such payment. where, on receipt of advance
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