Can anybody guide me , if advance payment received before 01/07/2017 and taxable goods not delivered yet, then in such cases do we need to create advance reciept or what
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Advance payment received before 01-07-2017
Replies (6)
advance received before 1/7/17 will not be attract any advance received or payment of gst on that much advance.
No...
No more effects on GST before received advances. So, don't worry for supplies after July 2017.....
No more effects on GST before received advances. So, don't worry for supplies after July 2017.....
You need to raise advance performa invoice on the day u received the advance
Do you mean , though it is before GST
| Originally posted by : Meet Shah | ||
 |
You need to raise advance performa invoice on the day u received the advance |  |
Do you mean though advance received before GST impact
@ Mahesh Shaha.,
Don't be confused... Previous Tax regime's advance is not under GST. How you deal before GST as per handle the advance. After GST you handle the advance as per GST...
Don't be confused... Previous Tax regime's advance is not under GST. How you deal before GST as per handle the advance. After GST you handle the advance as per GST...
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