Gst on advance
This query is : Resolved
AJAY KUMAR
(Querist)
19 February 2018
IS GST ON ADVANCE APPLICABLE AND IN WHICH SECTION ? AND WHEN WE WILL CLAIM ITC ON THE TYPE OF INVOICE(i.e invoice received on advance paymaent)
ASHWANI DHANUKA
(Expert)
19 February 2018
At present GST is not applicable on Advance received for supply of goods. Only applicable on Advance received for supply of services.
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