we have recd an adv pymt in the month of May'18. Sales bill not yet generated even material is also under process.
in such condition wether v have to pay GST on adv recd.
State : Maharashtra
Menu
GST on advance recd.
Replies (2)
There is no GST at the time of receipt of advance. You need to pay tax at the time of issue of tax invoice for supply of goods.
Tax invoice has to be issued before or at the time of clearing goods from your place to customer place.
👍👍👍
Recent Topics :
- Audit Executive (Remote, India) - Ace Auditing Off
- GST Transaction On Used Clothing
- ITC availed on 5%-rate passenger transport (AC bus
- Extension of Due Date of AY 2026-27
- FAST DS 2026
- 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
Related Topics :
CAclubindia
