dear sir
kindly advice me
gst on advance received is suspend for all company ?
GST on advance is suspend for all
Prakash Chauhan (172 Points)
09 December 2017
Prakash Chauhan (172 Points)
09 December 2017dear sir
kindly advice me
gst on advance received is suspend for all company ?
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(160668 Points)
Replied 09 December 2017
YES..........
Initially, notification no. 40/2017-Central Tax dated 13 October, 2017 was issued to remove the requirement of payment of GST on advance receipts towards supply of goods, for persons having turnover of less than INR 15 million in a year. Vide Notification no. 66/2017- Central Tax dated 15 November, 2017, this relaxation has been extended to all persons, except persons opting to pay GST under composition scheme. It should be noted that this relaxation is applicable only on the advances received post 15 November, 2017 for supply of goods. Post this notification, the time of supply for goods would be the date of issue of invoice by the supplier.
prasad Nilugal
( GST Practitioner & Accounts )
(14215 Points)
Replied 09 December 2017
I think supply of service its continue please confirm
manish
(student)
(187 Points)
Replied 09 December 2017
VIKAS SAINI
(1157 Points)
Replied 09 December 2017
RAJA P M
("Do the Right Thing...!!!")
(127299 Points)
Replied 09 December 2017
Akhil Rajeev Reddy
(Article Assistant)
(121 Points)
Replied 09 December 2017
CAclubindia
