Advance received from customer
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2014
advance received for sale of Goods is liable to vat.please reply this question
27 June 2014
No,Vat not payable on advance receipts. Vat payable when Vat invoice raise and goods sold.
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 June 2014
Deepti Asawa ji thanks for immediately answer for this question.
30 June 2014
VAT is to be payable only when material is moved.
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