GST ON ADVANCE RECEIVED

what is rate of GST rate in case of advance received
Replies (2)

Depends upon what type of Goods or services you provide . 

Sorry    Advance   received  for  supply of  Goods  is exempt  under GST form 15/11/2017  , if you are providing service then GST applicable for whatever advance you received . Rate  will  be  what type of service you provide . 

 

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