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Tax liability on advance received
In case of a BUILDERS when he has to pay GST either on advance received from time to time or on full amount of agreement with customer as completion certificate is not obtained. Please guide. Thank you
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Payable for monthly based...
Since certificate is not issued before payment, so it is to be considered as SUPPLY OF SERVICE as per clause (b) of para 5 of Schedule II of the CGST Act, 2017
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