When to pay gst on advance received before gst registration?

Registration 236 views 2 replies

We received 50% on a project in June, when there was no GST regime. We received 25% in August, before getting GST registration. We have received GSTIN now. We'll finish the project in September and issue the tax invoice in September. That's when we'll received the balance 25% plus the GST on the whole amount. So do we need to deposit any GST before that? The advance we received was on the amount excluding GST.

Thanks.
 

Replies (2)
In my opinion once you are in GST net whatever advance you received
cont reading....
as advance pau GST on that and adjust when you issue final bill. There may be difference of opinion in this matter. But it is better to pay in order to avoid litigation with Depatmetnt in future. For few days GST amount pd on GST get blocked but it better.


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