Two Different rates
This query is : Resolved
Konka Manohar
(Querist)
03 December 2020
Builder received advance against booking from a party under various tax rate 1) 10,00,000/- @ 12% on 01.01.2019 2) 15,00,000/- @ 5% (GST) on 10.04.2019. Now sale deed done on 01.12.2020 . How to show the sale of ₹ 25,00,000/- in GSTR and Advance Adjusted?
Lekhraj sood
(Expert)
04 December 2020
The time of supply is date of receipt of payment or issue of invoice which ever is earlier.
Now the invoice will be raise in the same manner i.e. 10,00,000 @ 12% and 1500000 @ 5%.
Now the invoice will be raise in the same manner i.e. 10,00,000 @ 12% and 1500000 @ 5%.
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