Dear Experts,
I'm working in pvt ltd window n glazing manufacturing company. We have received amount from Debtors Rs.70 Lacs by cash advance against project. How to accounting rule and returns.
Regards
Sathis Kumar
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Advance rule
Replies (1)
No GST payble on Advance received from customer, but you can not accept in cash 2.00 Lac a customers.
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