advacne payment received from customer , whether GST payable on payment received in advance , what about the settlement.
kriti pareek
(practise)
(41 Points)
Replied 07 July 2017
sir,
1. GST is payable on the advance received from customers.
2. Advance received register to be maintained under the GST ACT
3. Settlement of the advance received to be paid on supply of good or service against which the advance has been received.
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