A person has received advance against sale of goods on 18/10/2017
but its billing is done on 27/11/2017 and its output tax liability is paid by set off against its on 13/12/2017 .now whether person is liable to pay any late fee for late payment of tax on advance received as there was sufficient itc already available .
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gst on advance receipt
Replies (1)
No if there was ITC., at that time no need to deposit any intt.
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