St on advance
Querist : Anonymous
I have received the advance Rs. 1 lacs in respect of contract for flat's construction however the total contract value is 50 lacs inclusive materials, and this contract will take around 6 month to be completed query..1) will i have to pay 5.8% ST on advance of 1 lacs...2) do i need to issue the invoice of 1 lacs or not if not when i have issue the invoice,
Regard
Mukul Goyal
2 You need to issue invoice.
Querist : Anonymous
Querist : Anonymous
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