LIVE GST Certification Course by CA Arun Chhajer begins 27th April. Register Now!!

cash received in bank account

18 November 2017

hi, pls suggest me that my client(GSTN holder) has not purchased and sale in in tax invoice but amount about 60000 received in account what is be treatment under GST?

Reply
Follow
Share

4 Replies

Ani Rathi (18 Points)
Replied 18 November 2017

U have toh pay gst on such amount and issue an invoice

Shailesh Kumar (116 Points)
Replied 18 November 2017

dhnywad

RAJA P M ("Do the Right Thing...!!!") (127177 Points)
Replied 18 November 2017

Ask to the client for the reason of receipt...

Harvinder Ahuja (6 Points)
Replied 19 November 2017

If you are in receipt of advance against order and you have not sold any thing to party, you could not raise any invoice.You can refund the amount to. your party. GST liabilities only start when you sales/transfer your stock to any party..