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advance received

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proprietor
66 Points Joined May 2013
Whithin how much time have goods for which advance has been received to be supplied under the GST regime?
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On 15 June 2017 at 11:41 Report
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Team GST Experts
1926 Points Joined April 2011

no time limit prescribed , it would be as per the contract

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On 15 June 2017 at 16:53
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proprietor
66 Points Joined May 2013
Ok.thanku...what about the refund of tax in case the advance is returned after a few months due to cancellation of order?
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On 15 June 2017 at 16:58
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Team GST Experts
1926 Points Joined April 2011

u issue refund voucher to buyer, can adjust the same itc from output liab in the same month

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On 15 June 2017 at 17:11
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business
22 Points Joined July 2017

hello

can we charge customer GST on advance received for order...Thank you

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On 04 July 2017 at 14:25

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