hello
sir/ madam
25 March 2018 received advance payment form party. now April 2018 dispatch goods party.
against advance payment. now what the effect March 2018 GST3B. will Gst pay March 2018
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what to do. advanced payment received
Replies (2)
If You are received advance against Supply of Goods then No need to pay GST Tax under Advance Receipts...
If it's received against Supply of Services then GST payable with some of eligible...
If it's received against Supply of Services then GST payable with some of eligible...
CGST Notification no. 66/2017 exempts all taxpayers from payment of tax on advances received in case of supply of goods.
But As to Rajai ji , Advance againt supply of services attracts GST
But As to Rajai ji , Advance againt supply of services attracts GST
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