Advance Receipt
This query is : Open
Kunal Pansari
(Querist)
20 July 2017
Suppose, I deal with items of various GST rates. I receive an advance of Rs. 100000 from a customer but he has not finalized the items for his purchase. Now, as I don't know which tax rate items is to be sold, how do I calculate and pay tax on that advance
20 July 2017
If you can't finalize the items. You can prepare which is highest rate of item ll supply to customer. At the rate of amount you pay....
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