Treatment of advance
This query is : Resolved
07 January 2019
If an advance was give to a party for work prior to GST regime and the same is being deducted from the payment made after July'17 i.e. after implementation of GST then whether GST is required to be calculated on the advance part also or to be calculated on bill value after deducting advance.
07 January 2019
GST will be required to be calculated on Advance Portion also.
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