Gst on advance rec

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1244 Points Posted on 09 November 2017
i have received advance payament than gst is applicable in advance payament or not...
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On 09 November 2017 at 13:51 Report
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SEO Sai Gr. Hosp.
212529 Points Posted on 09 November 2017

If your gross turnover is below 1.5 Cr in PY....... no GST over advance payment.....

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On 09 November 2017 at 14:02
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1244 Points Posted on 09 November 2017
my g.t. is more than 1.5 cr
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On 09 November 2017 at 14:06
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SEO Sai Gr. Hosp.
212529 Points Posted on 09 November 2017

Yes, then RCM over advance applicable........

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On 09 November 2017 at 14:11
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Accounts Officer & In charge
3308 Points Posted on 09 November 2017

GST is applicable on advances.

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On 09 November 2017 at 14:18

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