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Advance received by composition dealer


Vishnu Das   16 April 2021

Vishnu Das

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A composite service provider providing room services ,should he need to pay gst on advance received
Sourav

Sourav (Student)     16 April 2021

Sourav
Student 
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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%.
CA ABHAY GUPTA

CA ABHAY GUPTA (Practice)     16 April 2021

CA ABHAY GUPTA
Practice 
 256 likes  2905 points

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Yes service provider needs to discharge gst liability on advance received
sabyasachi mukherjee

sabyasachi mukherjee   17 April 2021

sabyasachi mukherjee

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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.

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