Advance receipt for future supply of goods

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

26 November 2018 Dear all,

Kindly solve my querry Referring to the above subject ,

We have Received advance for future supply of goods B2B the Customer is requesting for Input Credit on the GST paid as Advance.

kindly advise for the same.
Thank You

CA. Jinendra Sethia

CA. Jinendra Sethia (Expert)
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26 November 2018 receipt k base pr mil jayega input, return me show krna pdega advance payment

CA Anita Bhadra

CA Anita Bhadra (Expert)
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26 November 2018 Government issued Notification no. 66/2017 dated 15.11.2017, whereby all suppliers of goods who have not opted for composition scheme, have been exempted from the burden of paying GST on Advances received.

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