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Applicablity of GST on advance paid to creditor

ITC / Input 436 views 4 replies
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127 Points Posted on 15 March 2018
Is GST applicable on advance paid to creditors?
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On 15 March 2018 at 08:39 Report
Replies (4)
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Student CA Final
11857 Points Posted on 15 March 2018
Only in case of services
49 Reply
On 15 March 2018 at 09:28
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GST Practitioner
55067 Points Posted on 15 March 2018
yes , no need to pay gst on advance for supply of good (noti. 66),
Avance on supply of service gst is applicable
301 Reply
On 15 March 2018 at 10:01
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CA
46 Points Posted on 15 March 2018
if advance is for service which in respect of which tax is to be paid under rcm, then recipient is liable to pay gst on such advances
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On 15 March 2018 at 11:28
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Student CA Final
11857 Points Posted on 15 March 2018
But gst liability arises na in the hands of recipient in case of service.... He might ask for gst also then
49 Reply
On 15 March 2018 at 11:48


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