ICICI

Share on Facebook

Share on Twitter

Share on LinkedIn

Share on Email

Share More

Advance forfeited whether Export of Service

This query is : Resolved 

XYZ(India) supplied goods for export and taken advance payment against it. The foreign customer at the last minute cancelled the order and therefore XYZ had not returned back the advance to the customer. 1) If the foreign customer is a related party / parent company, is XYZ liable to pay GST on the advance forfeited? 2) If the foreign customer is an independent buyer and not related, is XYZ liable to pay GST on the advance forfeited?

In both the cases 18% GST payable.



You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now


Similar Resolved Queries


loading