Gst annual return applicable for advance receievd for service provider?
This query is : Resolved
03 August 2022
dealer is providing real estate services (not a works contrctor, but is owner selling flats which are to be built in future).
my question is --> gst annual return is applicable for advance receievd for services (prof.loss has nil sales, but advance received is 6 crores). fy20-21?
my view-> yes, because aggregate annual turnover does say taxable value of services. but its advance, so no invoice is raised now. so time of supply is not yet come. so confused.
my question is --> gst annual return is applicable for advance receievd for services (prof.loss has nil sales, but advance received is 6 crores). fy20-21?
my view-> yes, because aggregate annual turnover does say taxable value of services. but its advance, so no invoice is raised now. so time of supply is not yet come. so confused.
04 August 2022
Whether the advances are received from the customers?
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