Gst paid on advance receipt
This query is : Resolved
Priyanka Roy
(Querist)
29 May 2018
Please let me know is there any GST paid on advance receipt from Party.
Please let me know is there any GST paid on advance receipt from Party.
29 May 2018
If advance received for Supply of Services then GST Tax applicable...
In case it's against Supply of Goods then No need...
Nikhil Kaushik
(Expert)
29 May 2018
in addition to what Raja has already stated, for a detailed analysis refer https://cleartax.in/s/advance-received-under-gst
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