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Advance payment received for works contract

unni vijayanche   21 September 2020

unni vijayanche

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the registered taxable has received from buyer is liable for gst or not


Sagar Patel (Tax and Business Consultant)     22 September 2020

Sagar Patel
Tax and Business Consultant 
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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..

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