As per the latest GST Returns, In Table 11 A of GSTR – 1, advances received from the customers have to be shown rate wise for the interstate and intrastate grouped by the tax rate. Taxes on these will be added to be output tax liability.
In table 13 of the GSTR – 2, the tax invoices issued during the month should be shown after adjusting any advances paid during previous months. The tax invoice issued during this month should be shown only for the net amount of tax payable.
The monthly outward return GSTR -1 has to be filed with the data relating to exports, sales to e-commerce operators and receipt of advances from customers. Transaction-level data has to be filed unlike in the current reporting at summary level as in ER -1, ST-3 Etc.,