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Treatment of advance payment in gst

Others 158 views 5 replies

Sir, i transferred payment on 28th August 2017 but received bill of 9th September the details should be furnished in month of August or september. please clarify

Replies (5)
Query not cleared....!
Where to you transfer the payment...?

Transferred to suppliers account 

Yes. Good Reply.

When you get the Supplies then only you can take ITC...
The advance related tax liability for your supplier hand.

So, You ll show the details in September month transactions only..

Thank you sir.. so it means it is no need to furnish any details of this transaction in the month of august

Yes. You are buyer. Youll be show after received of supplies (Invoice)....


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