GST payable on advance or not
Advance received against supply of Goods
Juned Ahmad (Accountant) (111 Points)
06 October 2021
CA. Sourav Sarkar
(Chartered Accountant )
(24578 Points)
Replied 06 October 2021
prasad Nilugal
( GST Practitioner & Accounts )
(14165 Points)
Replied 06 October 2021
CA Altamush Zafar
(GST Consultant)
(15907 Points)
Replied 06 October 2021
No GST is not applicable on advance received for supply of goods. Taxable on issue of invoice .
GST on advance applicable on service.
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