GST Would be applicable on Advance Payment to Raw Material Vendor?
Menu
Gst on advance payment to vendor for materieal
Replies (3)
No. GST is not payable at the time of payment of advance for supply of goods.
CGST Notification no. 66/2017 exempts all taxpayers from payment of tax on advances received in case of supply of goods
Nice answer.
Recent Topic
- Issue with ITR2 online utility for HUF
- TDS deducted by EPFO under wrong section
- Schedule SI in ITR-2
- What is the easy way to do CA- through foundation
- Schedule FA query for this AY 2026-27
- Business income source for husband and wife
- Set off of LTCL against STCG under section 536(2n)
- Audit Workflow tool
- Is CA through direct entry easy for a commerce stu
- Dividend and withholding tax - DTAA- RSU
Related Topics
CAclubindia
