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GST on advance receipt
Amount received as advance needs to be considered as inclusive of GST or excluding GST for GST payment
Replies (6)
It should considered as inclusive of GST. GST on advances applucable only for services.
When you get advance...?
What are the Supplies ll you made against the Advance...?
What are the Supplies ll you made against the Advance...?
Assessee got advances as a gift card or value card in Car repair service
You mean Gift Card received from a Car Dealer...!?
yes it is value card prepaid recharge
As per my view.,
GST not applicable this transaction. Also it's your inward supplies and the Car dealer can't charge GST...
Consider/Discuss to the supplier "How to deal this billing...?"
GST not applicable this transaction. Also it's your inward supplies and the Car dealer can't charge GST...
Consider/Discuss to the supplier "How to deal this billing...?"
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