If you receive an advance from customer then do you have to pay GST on the advance amount or as and when billing is done to the customer ?
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Gst on advance recd from customer
Replies (6)
If it is an advance for Service,you have to pay GST.
If it is an advance for goods,pay GST while raising Invoice
If it is an advance for goods,pay GST while raising Invoice
Its for goods, thanks
GST on Advance against goods is exempt vide Notification no 66/2017 dt 15/11/2017 form 15/11/2017
thank you for sharing the notification
good clarification and information
Stop posting useless comments Subhagan Sir
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