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Jani Bhasha (student)     14 May 2019

Gst on advance payment to vendor for goods & services?

Hello,  I am new at GST,

GST is applicable on advance payment to vendors for goods & services? 

Can any body give the example how we treat this case.

 5 Replies


RAJA P M ("Do the Right Thing...!!!")     14 May 2019

GST on advance applicable only on Services. It's not applicable to supply of Goods...
1 Like
Pankaj Rawat

Pankaj Rawat (GST Practitioner)     14 May 2019

Yes on goods its being abolished from 13/10/2017 by vide Notification 40/2017 CT .
GST on advance against supply of services is applicable
1 Like
Jani Bhasha

Jani Bhasha (student)     14 May 2019

okay thanks for quick response.
1 Like

RAJA P M ("Do the Right Thing...!!!")     14 May 2019

You are most welcome Dear...
abhishek bardia

abhishek bardia (partner)     14 May 2019

gst on advance on goods is not applicable for the moment. on services gst on advance is applicable

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