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
- House Property Reporting in ITR
- Internship/Academic shown in Salary Pay Slip of a Doctor
- TDS Claim year
- Liable to deduct tds and 44ADA
- TDS Challan Code
- Nomination of Bank for refund in itr 2
- Section 56(2) of the Income tax Act 1961 , Gift to relative .
- Refund of 20%pre-deposit paid for stay application
- Rent lease agreement
- If there is Long term capital gain exists how much total income to be considered
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
