Gst applicable on advance amount
This query is : Resolved
Quick Summary
17 March 2020
One composite scheme registered jewellery dealer advance received from customers.
Question: advance received amount on gst applicable.
Question: advance received amount on gst applicable.
17 March 2020
GST not applicable on advance received for goods supply.
18 March 2020
The requirement to pay GST on advance has been removed now. So no need to pay
16 May 2020
https://ckbajpai.com/2020/05/16/what-t-do-when-gst-paid-on-advance-amount-received-but-contract-or-sale-get-cancelled-for-any-reason/
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- ITR-3 - How to show loss in 65(i) - (iii) under under Part A - P & L section and sub section 65?
- EXEMPTION OF LONG TERM GAIN UNDER SECTION 54F
- Filling ITR for FY 2024-25
- Refund of Rs.4,00,000/- pursuant to Appeal Order – Deceased Proprietor & Closed Bank Account
- GST applicability on Shipping charges
- Incidence of Tax - TDA
- Sale of old gold ornaments
- Issuance of authorised capital by pvt ltd co
- TAX TREATMENT OF COMMODITY
- Patient expenses
- New old regime
- Experienced CA recommendation from Kolkata for FNO return filing
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
- Query regarding reporting of exempt foreign remuneration in ITR (AY 2026-27)
- FEMA/RBI treatment — Amazon.ca arbitrage (US buy, Canada sell, goods never enter India)
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
