Reversal of advance payment received from customer See also The advance payments received from the customers might need to be reported in GSTR-1 along with GST Rates.Process of GST calculation on advance payment from customer has been explained in this document.Create...
The next section contains the calculations of all applicable charges and payments includingAdvance Payment. Step 3 – Formatting Proforma Invoice for Advance Payment Let’s format theInvoiceto make it more presentable and customer friendly. Use anyFill Colorof your choice. Here, we usedBluecolor. ...