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 Topics :
- Does AIS GST Purchase aggregate GSTR-2B expenses?
- Form 26A - System has encountered some technical p
- Tool to convert GST invoice PDFs into Excel —
- Revised or rectification or leave it?
- Private limited tax audit
- LTCG - SEC54
- Foreign remittance from our client for Co Working
- UDIN generation
- Reply plz guys
- Tax Deduction and Collection Account Number
Related Topics :
CAclubindia
