03 August 2022
dealer is providing real estate services (not a works contrctor, but is owner selling flats which are to be built in future). my question is --> gst annual return is applicable for advance receievd for services (prof.loss has nil sales, but advance received is 6 crores). fy20-21?
my view-> yes, because aggregate annual turnover does say taxable value of services. but its advance, so no invoice is raised now. so time of supply is not yet come. so confused.
CAclubindia
