Gst has to be paid on advance
This query is : Resolved
09 September 2017
What would be journal entries for buyer in case supplier paid GST on advance receipt from buyer and 2) after receipt of final invoices from supplier.
09 September 2017
Until the seller supply the goods , you cannot take the GST credit, So paying advance just advance payment entry is enough, once received the goods you can account the purchase and GST input etc based on actual invoice
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