Gst on advance amount received against flat booking

This query is : Resolved

Sopan Dattatray Pingale (Querist)
Follow

25 January 2019 Sir,

i am builder and GST register dealer i construct building under process 3 flats booking and received advance Rs.900000.00 please tell me i payment GST on Advance or when agreement of customer

Please solver my query

Sopan Dattatray Pingale

Sopan Dattatray Pingale (Querist)
Follow

25 January 2019 Please solve my query please reply

CA CS Chirag

CA CS Chirag (Expert)
Follow

26 January 2019 The general rule for time of supply for services is earliest of the following –

-Date of issue of invoice
- Date of receipt of payment/advance
- Date on which invoice should be issued

he supplier of services are required to pay GST at the time of receipt of advances.

Sopan Dattatray Pingale

Sopan Dattatray Pingale (Querist)
Follow

28 January 2019 Sir,

Means i paid GST on advance not agreement time

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

Anju Susan

Rohit Sachdeva

jagadheswar goud

T Ramachandran

rana andcompany

Subscribe Now

Gst on advance amount received against flat booking

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA