Up to 1000
Ankur Dhiraj Verma (2 Points)
30 May 2017Ankur Dhiraj Verma (2 Points)
30 May 2017
Prity Agarwal
(CHARTERED ACCOUNTANT)
(363 Points)
Replied 30 May 2017
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 30 May 2017
If Advance is received upto Rs 1000/- it is at the option of the receiver of the payment to treat taxable event at the time of raising invoice which is later on. Otherwise normal provision say that If you get advance, it is a taxable event and yu will have to deposit GST on it.
GST Live Certification Course (39th Batch) - April 2024 (Weekend Batch) (With Certificate)
"Live class on Python for Financial Analysis: Unlocking Efficiency in Accounting and Finance"