GST on advance payment to vendor

Originally posted by : Aj Style
	We have given some advance to vendor (both registered and unregistered dealer) for goods. is GST applicable on advance payment to vendors for goods?

No gst is not applicable on advance payments for goods

Originally posted by : Deepanjali Sahu
	Yes GST is applicable on advance paymentif rate is not ascertainable at the time of advance payment, it should be 18%

It is applicable only for service.

Originally posted by : Aj Style
	Then how will I show advance payment made in gstr 3b and gstr1 because in gstr1 it show advance received but not abvance paid.

You have given advances or rec'd. Ur original question staates given.

Originally posted by : Aj Style
	Then how will I show advance payment made in gstr 3b and gstr1 because in gstr1 it show advance received but not abvance paid.

It will be shown in the month when actual supply takes place . I.e. when goods are delivered.

Originally posted by : Aj Style
	Then how will I show advance payment made in gstr 3b and gstr1 because in gstr1 it show advance received but not abvance paid.

Gstr1 deals with outward supply .so it will b used for advance rec'd only not advance paid.

Originally posted by : Aj Style
	Who will pay gst on advance, the receiver of advance or the giver of advance?. Because both can't pay the gst for same transaction. I have given an advance.

Of course reciver of money(supplier of good) would pay u need not pay unless it is covered RCM.

Engage a professional for gst compliance

Originally posted by : Aj Style
	Thanks for the reply. what transaction are covered in RCM?

Mainly services however few products like cashews etc are covered under RCM . Refer respective notifications.