Gst on advance received
This query is : Resolved
Shiva Prajapat
(Querist)
04 October 2017
Dear Sir,
I have received advance RS. 500000/- against new order of 18% items. Which amount will be show in gstr-1 excluding GST or including.
As calculation with GST is 590000 and without GST is 423729.
I have received advance RS. 500000/- against new order of 18% items. Which amount will be show in gstr-1 excluding GST or including.
As calculation with GST is 590000 and without GST is 423729.
04 October 2017
You need to show the amount on which GST is payable i.e., amount excluding GST.
Shiva Prajapat
(Querist)
04 October 2017
It means we show in GSTR-1 amount excluding GST Rs.423729/- for receipts of advance amount RS.500000/-.
04 October 2017
@Shiva Prajapat.,
You ll be pay Just Rs. 423729 & Tax Rs. 76271
You ll be pay Just Rs. 423729 & Tax Rs. 76271
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