Menu
Advance received by composition dealer
A composite service provider providing room services ,should he need to pay gst on advance received
Replies (3)
Quick Summary
Discharging GST at one rate at the time of advance receipt and different rate applicable at the provision of service. Typical example could be at the time receipt of advance, hotel might have paid GST @ 18% but the room provided having a tariff between Rs. 1,000/- to Rs. 7,500/- where the rate of GST is 12%.
Yes service provider needs to discharge gst liability on advance received
The concept says
that gst is payable if the following conditions are satisfied:
1. the intention of the individual dealing in goods or services.
2. for furtherance of business
3. the taxable person intends to receive advance for furtherance of business.
4. must raise invoice
5. but after full work has been completed.
He can raise gst.
that gst is payable if the following conditions are satisfied:
1. the intention of the individual dealing in goods or services.
2. for furtherance of business
3. the taxable person intends to receive advance for furtherance of business.
4. must raise invoice
5. but after full work has been completed.
He can raise gst.
Recent Topics :
- INTEREST ON REFUND OF TDS
- Input tax claim related
- User not found in MCA portal
- GST RATE ON FILM PRODUCTION
- Section 54
- Why are foreign investors suddenly buying Indian s
- TDS ON IMMOVABLE PROPERTY - PURCHASE FROM NRI &
- Query to Tax Garden tax consultant
- Subject: Urgent Assistance Required – TRACES
- Claiming business re-imbursements while filing GST
Related Topics :
CAclubindia
