Adcance payment received in gst
This query is : Open
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%.
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...
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....
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Tax Audit Applicability – Newly Formed Partnership Firm with Profit Below 6%/8%
- Difference between Date of Payment and Date of Deduction?
- Unregistered suppliers utility
- LIC maturity claim whether taxable
- ADDITION OF CHALLAN IN TDS RETURN FORM 140
- Same demand raised for original as well as rectification request return
- Sale of property held jointly with a non resident Indian
- TODAY INCOME TAX SITE IS NOT WORKING ANY OFFICIAL EXTENSION
- The TDS balance for March 26 shows a mismatch between the books and the portal; what should be done
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
