GST required to be paid on advance receipts for invoicing done on 29.10.2017
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Advance receipts
Replies (6)
gst on advance payment is abolished till march 2018
yes no need to pay gst on advances till march
I think the tax on advance is abolished for company having turn over up to 1.5 crores only
Still I am not sure but wanted to 're co firm
Still I am not sure but wanted to 're co firm
yes Rama Prasad you are absolutely right
yes it is true Gst on advances is postponed only for those whose turnover is below 1.5 crore
Karishma
If you are a dealer or if your client is a dealer it is a Small advise instead of raising invoice on 29th it would have been great idea to raise after 2 days.
Then GST to be paid only after 50 days😑
If you are a dealer or if your client is a dealer it is a Small advise instead of raising invoice on 29th it would have been great idea to raise after 2 days.
Then GST to be paid only after 50 days😑
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