Gst payable on advance received against services
This query is : Resolved
Huzefa Tinwala
(Querist)
24 August 2018
Dear Sir,
We have received some Advance Amount from Government as Advance against "Works Contract". Is this amount attract GST Liability as GST Payable in Advance?
We have received some Advance Amount from Government as Advance against "Works Contract". Is this amount attract GST Liability as GST Payable in Advance?
Rajesh Kumar
(Expert)
24 August 2018
Yes, GST is payable on the advance amount received.
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