Dear Sir,

We purchased material on 15.06.2017 from out of state, on which CST Tax collected by the supplier. Shall we eligible to claim this CST tax under GST

Suppose 5% GST rate is applicable on the goods we sell. Now we have taken rs 105 as 50% advance(100+5 for GST) from customer.& Sales value is 200.

Option 1:

Upon receiving advance payment:-

Bank a/c dr 105

to GST pay. on adv 5
to Customer 100

GST pay. on adv dr 5
to Bank a/c 5


At the time of making sales:-

Customer dr 205

to Sales 200
to GST payable 5

GST payable dr 5
to Bank 5


Option 2:

Upon receiving advance payment:-

Bank a/c dr 105
to Customer 105

GST paid on adv dr 5
to Bank a/c 5

At the time of making Sales:-

Customer dr 210

to Sales 200
to GST payable 10


GST payable dr 10

to GST paid on adv 5
to Bank a/c 5

Please reply !

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I m mobile phone retailer and I have service center too.my business turnover is 17-18 lac per annum. I am purchases mobile phones and accessories from other state. now my supplier asking me that if I did not reg with gst tax liability on my purchases arises on himself. I am confused on whole matter so Plz ans me is it true or false. and one more thing as I have service centre is there any tax payble ?