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When to pay gst on advance received before gst registration?

Registration 304 views 4 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 (4)
Advance received before GST registration there is no requirement to pay GST now. GST should be paid when invoice is made. If any advance received after GST registration then GST should be paid. VK

Thanks for your reply sir. So when we file return for August in September, we should file a zero return? (As there are no other projects in hand).

If you have inputs the you have to mention the same else file NIL return

Thanks a lot. You have been a great help sir.


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