GST pay in Advance receipt from customer
This query is : Open
16 September 2017
Respected Sir
can we consider advance received from customer is included GST .and pay GST accordingly???
suppose we have received advance payment from customer of Rs.100000.
can we possibly to show this advance is included in GST payment?.
regards Kiran
16 September 2017
Yes, consider it as including GST, and pay GST.
16 September 2017
Yes. You ll be calculate including and pay the tax liability as per rate of tax for the supply...
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
- TDS CREDIT MISMATCHING
- Buy back of shares u/s69
- Clarification Required on Filing Form 141 for Joint Buyers
- HOUSING LOAN ISSUE
- RELATED TO TRIBUNAL APPEAL
- Taxability of Partnership firm for FY 2025-26
- GST Rate for Catering Services
- Need Professional Opinion - AY 2012-13 Old Demand & AY 2026-27 Refund Adjustment
- RATE AND HSN CODE
- TDS AND ITR ISSUE
- CALCULATION OF DEFFERED TAX - OP BL IS DTL & CURRET IT DTA
- LLP audit under companies act
- Experienced CA recommendation from Kolkata for FNO return filing
- Interest Reporting in Form 168
- Sales of goods of amount Rs77 lakhs to a party
- Tax Demand of ₹4,650 for AY 2026-27
- Concept of Vendor and customner reconciliation
- Mistake in e-invoice identified after 24 hours
- EXPORT PAYMENT
- NRI ITR2 account in 2025-26.
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
