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GST on advance received towards taxable supplies

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395 Points Joined January 2018
pl let me know whether Gst is applicable on advance amount received towards supply of taxable supplies later on.
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On 11 January 2019 at 17:24 Report
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
No if it's supply of goods...
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On 11 January 2019 at 17:28
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Nil
2791 Points Joined November 2017

If it is a supply of goods you must liable to pay GST on advance 

otherwise no such GST liability on advance

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On 11 January 2019 at 17:32
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
GST not applicable on Advance against Supply of Goods...
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On 11 January 2019 at 17:34
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Nil
2791 Points Joined November 2017
Originally posted by : Sarath Rajendran
If it is a supply of service you must liable to pay GST on advance 

otherwise no such GST liability on advance

 

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On 11 January 2019 at 17:34
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"Do the Right Thing...!!!"
128147 Points Joined January 2015
அவசரமா, இல்லை வேகமா பா
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On 11 January 2019 at 17:37
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CA
3430 Points Joined January 2019
advance received against goods are not taxable
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On 14 January 2019 at 23:48

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