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Exceed payment liable for adv gst tax

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172 Points Posted on 27 September 2019
dear expert

kindly inform me gst advance tax applicable if exceed payment received from debtor

company turnover more than 7 crore
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On 27 September 2019 at 23:03 Report
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GST Practitioner
55067 Points Posted on 27 September 2019
Yes if its reced against supply of Services .
301 Reply
On 27 September 2019 at 23:42
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172 Points Posted on 27 September 2019
No it is supply of goids
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On 27 September 2019 at 23:58
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GST Practitioner
55067 Points Posted on 28 September 2019
Then needs to charge gst on same . NOT E : As per section 13 .of CGST. act , if advance is below 1000/- then its on supplier , .whether to charge GST or to adjust against next invoice .
301 Reply
On 28 September 2019 at 00:04
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accountant
564 Points Posted on 28 September 2019
Only services advance payment liable gst
2 Reply
On 28 September 2019 at 12:47
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172 Points Posted on 29 September 2019
In Nov 2017 gov has inform to 19 product of seller hv to paid gst against excced payment received from customers
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On 29 September 2019 at 20:37


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