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Applicablity of GST on advance paid to creditor
Is GST applicable on advance paid to creditors?
Replies (4)
Only in case of services
yes , no need to pay gst on advance for supply of good (noti. 66),
Avance on supply of service gst is applicable
Avance on supply of service gst is applicable
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
But gst liability arises na in the hands of recipient in case of service.... He might ask for gst also then
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