Dear Sir,
We have received Cash Rs.20K from Mr.A and 20K from Mr.B as advance in March month on account of goods.but we issued sale invoice to both in Current month so suggest can we face any issue from department.
There is no issue because deferred Revenue does not include tax computations
Note: For the supply of goods advance received is not subject to GST. The entire amount will be taxed on the issue of the invoice (w.e.f. 15th November 2017).2
SMJ global advisors pvt ltd
New Delhi
B.Com
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O P Bagla & Co LLP
New Delhi
CA Inter
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Vardhaman Group of India
Pimpri Chinchwad
CA Inter
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CAclubindia
