If we are paying advance to supplier for setting up our factory.
Do we need to comply any provision of GST on advance payment??
Menu
GST Provisions compliance
Replies (2)
Quick Summary
No GST compliance for buyer for advance payment to supplier.
No there is no GST on payment of advance. Yes GST attracts on advance received against supply of services.
Recent Topics :
- How do you collect documents from clients for ITR
- GST ITC on Construction/ Tenant Specific Renovatio
- GST Treatment and Reporting of Share & Mutual
- AGM Defective Notice
- IMS Rejection of Sales and Sales return
- Taxation of Gift - Father to Daughter
- TDS on Property Purchased above 50lakh
- Accounting Treatment in Tally for Restaurant Sales
- Form 146 required
- Rule 86(B) Applicability
Related Topics :
CAclubindia
