Gst on advance rec
vikram kerekar (1244 Points)
09 November 2017
i have received advance payament than gst is applicable in advance payament or not...
4 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195725 Points)
Replied 09 November 2017
If your gross turnover is below 1.5 Cr in PY....... no GST over advance payment.....
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(195725 Points)
Replied 09 November 2017
Yes, then RCM over advance applicable........
Avinash Jeevan Dsouza
(Accounts Officer & In charge)
(3298 Points)
Replied 09 November 2017
GST is applicable on advances.
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