10 June 2017
If the Company receives the advance from their customer on behalf of supply of goods in next month, so in this case who is liable to pay GST means either advance giver or receiver? and in case of receiver, how will adjust the same in invoice at the time of supply because no adjustment prescribed in invoice format
10 June 2017
Advance receiver needs to pay the GST by raising advance receipt voucher, he needs to declare the same in GSTR1 by 10 of subsequent month & needs to discharge the tax on advance receipt. but the service receiver is not allowed to take the credit till the completion of supply or till the supplier raises his final invoice.
10 June 2017
GST will also pay on advance receipt by receiver . Subsequently, raise invoice then charge GST on balance amt. ( sale value - advance receipt )
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