advance received

Whithin how much time have goods for which advance has been received to be supplied under the GST regime?
Replies (4)

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

Ok.thanku...what about the refund of tax in case the advance is returned after a few months due to cancellation of order?

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

hello

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

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register