banner_ad

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


CCI Pro
CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries


banner

Trending Online Classes

view all classess

CCI Pro
Meet our CAclubindia PRO Members
Subscribe Now

Follow us
add to google news



Answer Query



Quick Links



Browse by Category




Latest Job Openings

View all
Company
Featured 28 March 2026
Accountant

Ashok Amol & Associates

New Delhi

B.Com

View Details
Company
Featured 29 April 2026
Manager- Finance and Compliance

Naveen Fintech Pvt Ltd

Kolkata

CA Inter

View Details
Company
Featured 02 May 2026
Senior Executive

hitesh chandwani & co

Pune

B.Com

View Details
Company
Featured 14 April 2026
GST CONSULTANT

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 13 April 2026
GST CONSULTANCY

Abhishek G Agrawal & Co.

Korba

CA Final

View Details
Company
Featured 28 March 2026
CA Final

Ashok Amol & Associates

New Delhi

CA Final

View Details