The advance received towards the supply of goods up to 365 days will be treated as exempt and beyond 365 days it will be treated as deposits and same should be disclosed in DPT-3. where we show is deposit value in DPT-3 FORM?
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Quick Summary
This discussion clarifies the treatment of customer advances for DPT-3 filings. Advances received for goods supply up to 365 days are exempt. Beyond 365 days, these are treated as deposits and must be disclosed in the DPT-3 form. The conversation focuses on correctly identifying and reporting these deposits within the DPT-3 return.