banner_ad

GST applicability on pending advance recd from client as on june17

Others 181 views 4 replies
some advane i have received before July that is under service taxof
regime and i have not paid any service tax on advance as it is received for exemted Govt project As on june 30 i have some amount unrecovered advance pending . pl advise me whether the pending advance attracts GST as the particular project is taxable now under GST
Replies (4)
however i have discharged GST for advance recd after July 1st
Advance Pre-GST is not considerable under GST. Advance provision is applicable on or after 1 July 17
On advances received under ST regime the provisions of ST is applicable. in your case since the advances are received in ST regime where there is no levy of ST on the activity as mentioned by you and you are forfeiting such advance now under GST regime where it is a taxable activity, in my view since the levy has attracted under ST regime and accordingly forfeiture of advance is not liable to GST.
ok sir thanku


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register  

Company
19 May 2026
Article, CA & Paid Assistant Positions

Aggarwal Sarawagi and Co

New Delhi

CA

View Details
Company
ARTICLESHIP 15 May 2026
Audit Assistant / Article Trainee / Intern

SSGS and Associates

Chennai

CA Inter

View Details
Company
Featured 28 May 2026
SEMI QUALIFIED/ CA DROPOUTS/ ARTICLES

T R SOOD & CO

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 14 May 2026
CA ARTICLE

PRAVEEN GARG & CO

Faridabad

CA Foundation

View Details
Company
24 May 2026
Accounts & Tax Executive

PARAS KHURANA AND CO

New Delhi

B.Com

View Details
Company
07 June 2026
Tax Associate

Rajkumar Jain & Co.

Ahmedabad

Graduate (Any)

View Details
Company
ARTICLESHIP 17 May 2026
CA Article /Trainee

Malik Sunil & co

New Delhi

CA Foundation

View Details
Company
01 June 2026
Audit, Taxation & Compliance Executive

R P S K & Associates

Nashik

CA Inter

View Details