Gst on mobilization advance
This query is : Resolved
08 February 2018
Sir,
According to point of supply, GST has to be charged at the time of receipt of advance.Will mobilization advances also be covered under this advance definition.Shall we have to charge GST on that mobilization advance also?
Note : This advance is purely for the supply of service.
Please do the needful
Regards,
Kiran
According to point of supply, GST has to be charged at the time of receipt of advance.Will mobilization advances also be covered under this advance definition.Shall we have to charge GST on that mobilization advance also?
Note : This advance is purely for the supply of service.
Please do the needful
Regards,
Kiran
08 February 2018
Yes... GST is applicable for the Service advance and Payable....
Also explain yourself for the mobilization...
Also explain yourself for the mobilization...
Message likes :
1 times
08 February 2018
Sir,
The company has initial received Rs.1,00,00,000/- as mobilization advance for the acquisition of necessary supplies to discharge the service, supported by the bank guarantee. Later equal part of Rs.10,00,000/- has been used against each invoice issued each month.
In this case, will GST to be charged on this advance amount or not?
Regards,
Kiran
The company has initial received Rs.1,00,00,000/- as mobilization advance for the acquisition of necessary supplies to discharge the service, supported by the bank guarantee. Later equal part of Rs.10,00,000/- has been used against each invoice issued each month.
In this case, will GST to be charged on this advance amount or not?
Regards,
Kiran
08 February 2018
Yes... GST will be charged and Payable on Advance.
Message likes :
1 times
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Tax on Amount transferred in HUF Account
- Nursery business
- Condonation Request sec 119(2) b -Enhancement Limit of Leave Exemption prior to AY 2023
- GST REFUND ISSUE ON PURCHASE OF PLANT AND MACHINERY
- Working on Gold wastage during Melting of old gold jewellery
- TDS on Dashcam rent and allied services
- Intimation under section 245
- Gift to nri relatives residing in usa
- GST input credit on commercial property
- Section 269ST applicability for capital introduced by partner to his partnership firm
- GSTR-9C filing
- Royalty payments to the Mining Department for procurement of murum - GST input
- HOW TO ADJUST CREDIT NOTE AMOUNT ?
- Import Order Cancelled.
- WRONG GSTR7 ENTRIES ACCEPTED ERRONEOUSLY
- Expert Help Required for TDS Refund 100000 Through TRACES – AY 2022–23
- IMPORT PURCHASE ENTRY PASSED IN BOOKS OF ACCOUNT
- FAST DS 26 Undisclosed Foreign Asset Disclosure Scheme 2026
- Regime change
- Tally: Imported bank entries do not show up in manual reconciliation
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
