Menu
Advance paid to contractors GST
we have paid advance to Contractors , shall we pay gst for the amount.
Replies (8)
Quick Summary
@ Mohan Rao,
I understand that you have paid an amount to a contractor for supply of service as an ADVANCE. As per section 13 of GST Act, tax has to be paid on receipt of Advance.
The person who has received the amount is supposed to pay tax on receipt of advance for provision of service.
@ Mr Mohan Rao.,
Is the advance paid against supply of service...?
Is the Contrator registered under GST or not...?
Is the advance paid against supply of service...?
Is the Contrator registered under GST or not...?
YES, THE CONTRACTOR HAVE GST NUMBER
It is not your responsibility to pay gst on advance because you are not supplier.
@ Mr Mohan Rao.,
If the Contractor is registered and You are paid advance against supply of service then GST will payable by the Contractor...
You have also responsible for the contractor correctly paid GST to govt. So, Follow the GST paid correctly by the contractor
If the Contractor is registered and You are paid advance against supply of service then GST will payable by the Contractor...
You have also responsible for the contractor correctly paid GST to govt. So, Follow the GST paid correctly by the contractor
Yes agree with Mr. Raja Ji .
Contractor is liable to pay GST on Advance received for supply of services.
Contractor is liable to pay GST on Advance received for supply of services.
https://ckbajpai.com/2020/05/16/what-t-do-when-gst-paid-on-advance-amount-received-but-contract-or-sale-get-cancelled-for-any-reason/
Recent Topics :
- TDS on Redevelopers hardship allowance received no
- Who will take FSSAI AND TRADE LICENSE: owner or te
- E Way Bill in respect of Without Bringing Material
- FAST DS 2026 query
- Consultation
- E-way notices for FY 22-23
- Gst file not created
- Regarding 3CEB query
- Omitted E-Commerce Sales Reported in Table 14 but
- Omitted sales shown in GSTR-1 Table 14 but not in
Related Topics :
CAclubindia
