Advance payment & gst


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Querist : Anonymous

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Querist : Anonymous (Querist)
23 July 2017 Dear Expert,

If advance received on 15th July and Invoice issued on 20th July in same month. Will i have to pay tax on advance received amount as per time of supply or need not required to pay tax seprately on advance ?


Please guide


24 July 2017 No need to pay GST separately on advance as supply made within the month.

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Querist : Anonymous

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Querist : Anonymous (Querist)
25 July 2017 But if advance is received is it need to issue a Receipt Voucher ?

26 July 2017 Yes you need to issue receipt voucher.


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