please tell me the rule as advance received from customer
ARUP KUMAR (JUNIOR) (24 Points)
20 June 2017
please tell me the rule as advance received from customer
ARUP KUMAR (JUNIOR) (24 Points)
20 June 2017
CA Saloni
(Manager-Accounts & GST Consultant)
(5124 Points)
Replied 20 June 2017
As per sec-12 of CGST, taxability arises on the earlier of following:
Therefore, advance received from customer is taxable and GST has to be paid.
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