Easy Office
LCI Learning

Advance payment & gst

This query is : Resolved 
Avatar

Querist : Anonymous

Profile Image
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
Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
24 July 2017 No need to pay GST separately on advance as supply made within the month.
Avatar

Querist : Anonymous

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



Profile Image

CA R SEETHARAMAN

Profile Image

CA R SEETHARAMAN (Expert)
26 July 2017 Yes you need to issue receipt voucher.

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

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Trending Online Classes

view all classess
CCI Pro


Answer Query



Quick Links