Tax on advance received & reverse charge
This query is : Resolved
ANIMESH PANDEY
(Querist)
02 April 2018
Dear Sir,
Is there any notification imposing Tax on advance received w.e.f. .01.04.2018??
Is there any notification imposing GST on reverse charge basis on services or goods received from unregister person??
Is there any notification imposing Tax on advance received w.e.f. .01.04.2018??
Is there any notification imposing GST on reverse charge basis on services or goods received from unregister person??
CA Rashmi Gandhi
(Expert)
02 April 2018
Both postponed till 30 June 2018.
Guest
Guest
(Expert)
02 April 2018
There is no such notification. Instead applicability of reverse charge on supplies received from unregistered supplier is deffered till 30.06.18
ANIMESH PANDEY
(Querist)
09 April 2018
Any update about tax on advance received?????
Guest
Guest
(Expert)
09 April 2018
No need to pay tax on advance when received for supply of goods but when received for supply of Services tax needs to be paid on such advance.
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