Issues & solutions: Valuation, Classification, Exemption under GST

Madhukar N Hiregange , Last updated: 21 June 2018  
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Valuation: Deposit vs advances: Issue: Levy of GST on the deposits and advances liable? When amount is collected as deposit, then it is not taxable to GST until time that it is appropriated towards the taxable supply. The agreement should clearly spell out the nature of receipt i.e adv

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Published by

Madhukar N Hiregange
(Chartered Accountant)
Category GST   Report

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