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Advance payment from customer

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i have received advance payment from customer i m register person in gst. i m eligible gst liability.

received payment in july 

i will give bill in august.

muze gst pay karana padega ka.

Replies (4)
As per GST act, liability to pay to tax arises

1.date of invoice or

2. date of advance received

whichever is earlier

therefore u need to pay GST on advances received
yes your GST liability arises in the month July itself
and u need to issue advance receipt voucher with containing of GST details
if case in letter of bond and advance received from direct customer from forighner


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