advance before appointed date i.e. 1 july
arpit agarwal (articleship) (25 Points)
27 June 2017arpit agarwal (articleship) (25 Points)
27 June 2017
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 27 June 2017
If the bill is raised before july and charged VAT, then no GST to be paid.
If bill raised under GST then yes, GST has to be paid.
Here time of payment(Advance ) is not falling under GST regime.So taxable event is invoice.
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