Gst applicable on advance amount
This query is : Resolved
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Kollipara Sundaraiah
(Querist)
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.
CA R SEETHARAMAN
(Expert)
17 March 2020
GST not applicable on advance received for goods supply.
CA Rashmi Gandhi
(Expert)
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/
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