Gst on advance amount received against flat booking
This query is : Resolved
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
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
25 January 2019
Please solve my query please reply
CA CS Chirag
(Expert)
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.
-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.
28 January 2019
Sir,
Means i paid GST on advance not agreement time
Means i paid GST on advance not agreement time
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