Gst on advance payment
This query is : Open
25 September 2017
Dear Sir,
As we know GST payable on advance payment receipt by receiver and in GSTR-1 have option for advance receipts and adjustment for return.
But for advance payment made to un-registred contractor, can be liable to pay RCM-GST and where to show in GSTR-1.
Thanks
Shiva
As we know GST payable on advance payment receipt by receiver and in GSTR-1 have option for advance receipts and adjustment for return.
But for advance payment made to un-registred contractor, can be liable to pay RCM-GST and where to show in GSTR-1.
Thanks
Shiva
25 September 2017
GSTR 2:
Tax Liability under Reverse Charge on Advance
Tax Liability under Reverse Charge on Advance
Message likes :
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26 September 2017
Dear Sir,
How to raise RCM Invoice for advance payment to Contractor.
Thanks Regards
Shiva
How to raise RCM Invoice for advance payment to Contractor.
Thanks Regards
Shiva
26 September 2017
Don't be raise invoice for payment / Receipts. You just create voucher with reference number... And show advance in your return. After received the supplies you ll reverse the advance in GSTR 2 again with reference number....
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