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Advance payment received for works contract
the registered taxable has received from buyer is liable for gst or not
Replies (1)
For Suppliers of services, GST is applicable on advance received for services.
For Suppliers of Goods, GST is not applicable on advance received for Goods.
Work contract is considered as supply of services, so GST in advance received is applicable in your case..
For Suppliers of Goods, GST is not applicable on advance received for Goods.
Work contract is considered as supply of services, so GST in advance received is applicable in your case..
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