Adcance payment received in gst
This query is : Open
PANKAJ JHA
(Querist)
18 July 2017
pls confirm that what journal entry of our company rcvd 1,00,000/Rs in advance in gst. our companies product Tax slab under 18%.
PANKAJ JHA
(Querist)
18 July 2017
Tally erp use
18 July 2017
After Download vet. 6.
You ll be create receipt voucher then also it's shown default in top of the Receipt Voucher. You see that and Try it...
Any errors post here...
PANKAJ JHA
(Querist)
18 July 2017
sir, my queation is any liabilities create if our company received advance...from debtors under Gst regime
19 July 2017
Yes Yes Yes....
If you ll supply @18% goods to your debtors. Goods value is Rs. 100000 + 18000=118000.
you'll be get Rs. 50000 advance. You can pay 18% tax for the advance. After your billing you can reverse the advance tax....
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