Advance voucher
This query is : Resolved
CA Pankaj Khandelwal
(Querist)
07 August 2017
I have one branch in MP and one in CG and both having separate GSTIN. My MP customer deposit advance in my CG bank account, now I am raising invoice from MP against that advance. Advance voucher is to be created under which GSTIN and can I adjust that advance in sale made from MP ? Please advise...
07 August 2017
No....
The ll be receive supplies from CG then you ll be adjust in CG branch transaction only...
Separate GSTN accounts maintain separately.....
CA Pankaj Khandelwal
(Querist)
07 August 2017
It means, I need to advise my all MP customers to deposit advances only in MP banks ?
07 August 2017
Yes. Then only you adjustable your liabilities (MP) to ITC on MP's branch.....
CA Pankaj Khandelwal
(Querist)
07 August 2017
Is any alternative solution to adjust deposits made in July in CG ?
07 August 2017
1. No problem you supplies from MP.
2. If your supplies from CG then you ll pay the amount to customer and they ll be deposit CG account.
3. Finally (out legal-not advisable) you supply goods from CG then billing from MP after consult your customer. Bcoz, The billing is IGST...
2. If your supplies from CG then you ll pay the amount to customer and they ll be deposit CG account.
3. Finally (out legal-not advisable) you supply goods from CG then billing from MP after consult your customer. Bcoz, The billing is IGST...
CA Pankaj Khandelwal
(Querist)
07 August 2017
Thanks to reply sir.
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