GST on advances that has been carried forward after 30th june 2017.

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Accountant
58 Points Joined May 2014
if we have received advance from our customers before 30th june. Now we carrying forward these advances after 1st july, will I have to charge GST over these advances.?
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On 16 June 2017 at 16:05 Report
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Chartered Accountant
228 Points Joined August 2011
no gst will not be charged on these advances
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On 16 June 2017 at 20:18
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Chartered Accountant
228 Points Joined August 2011
no gst will not be charged on these advances
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On 16 June 2017 at 20:18
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Accountant
58 Points Joined May 2014
Thank You Sir.
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On 16 June 2017 at 20:30
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Accountant
250 Points Joined September 2016

I have a question...

If Mr. Sohan (Jharkhand) supplies goods to Mr. Mohan (Delhi) on a continuous basis. Mr. Sohan sent goods worth Rs. 1,00,000 on 15th July for which Mr. Mohan made an advance payment (Part Payment) on 12th June..... When raisng bill in July after implementation of GST  Will GST apply?

Means Mr. Sohan has to raise GST Bill or Other bill....

Plz Ans....

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On 17 June 2017 at 11:48
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Chartered Accountant
228 Points Joined August 2011

Since Mr. Sohan will be raising Bill in July under GST Regime then Invoice will be prepared as per GST Rules and GST will be levied on that sale.

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On 21 June 2017 at 11:12


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