New rule of Gst Advance from customer?
Raza Nayani (14 Points)
02 November 2017
Any boby know about new rule of gst on advance from customer?
6 Replies
Parv Kumar
(Student)
(4042 Points)
Replied 02 November 2017
https://cleartax.in/s/advance-received-under-gst
Raza Nayani
(14 Points)
Replied 02 November 2017
@ Parv Kumar thanx for the link but I want to know any changes in the rule? w.e. condition of turnovers etc.
Parv Kumar
(Student)
(4042 Points)
Replied 03 November 2017
Person having turnover Rs.1.5 crore shall not required to pay tax on advance.
They have to pay it at the time of supply.
They have to pay it at the time of supply.
Parv Kumar
(Student)
(4042 Points)
Replied 03 November 2017
Also you can read press release for more details on below link
https://www.google.co.in/search?hl=en-US&ie=UTF-8&source=android-browser&q=ammendments+on+06+October&gfe_rd=cr&dcr=0&ei=OY37WdfDJNCL8Qfq07GQDQ
https://www.google.co.in/search?hl=en-US&ie=UTF-8&source=android-browser&q=ammendments+on+06+October&gfe_rd=cr&dcr=0&ei=OY37WdfDJNCL8Qfq07GQDQ
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