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...
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