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Advance Receipt

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(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
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RAJA P M

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RAJA P M (Expert)
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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