Advance received from customer

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Querist : Anonymous (Querist)
27 June 2014 advance received for sale of Goods is liable to vat.please reply this question

27 June 2014 No,Vat not payable on advance receipts. Vat payable when Vat invoice raise and goods sold.

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Querist : Anonymous

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Querist : Anonymous (Querist)
27 June 2014 Deepti Asawa ji thanks for immediately answer for this question.

30 June 2014 VAT is to be payable only when material is moved.


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