Poonawalla fincorps
Poonawalla fincorps

Gst paid on advance receipt

This query is : Resolved 
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(Querist)
29 May 2018
Please let me know is there any GST paid on advance receipt from Party.
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RAJA P M

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RAJA P M (Expert)
29 May 2018 If advance received for Supply of Services then GST Tax applicable... In case it's against Supply of Goods then No need...
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
29 May 2018 in addition to what Raja has already stated, for a detailed analysis refer https://cleartax.in/s/advance-received-under-gst
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