Gst on advance receipt
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
16 May 2018
Dear Experts,
Whether GST is applicable on receipt of advance or not?
Thanks
Anjali
Whether GST is applicable on receipt of advance or not?
Thanks
Anjali
16 May 2018
If you are received the Advance Supply of Services then GST applicable*.
In case advance received for Supply of Goods then no need to pay GST Tax on Advance receipts...
In case advance received for Supply of Goods then no need to pay GST Tax on Advance receipts...
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