01 August 2019
Dear Experts, Our GST annual return is going on and they are checking the details of GST. In Fy 2017-18 (Mar-18) we have received advance from SEZ customer but we have don't pay the GST on advance as SEZ - Zero Rated Sales. But now auditor is forcing to pay GST liablity as we were not taken LUT registration in FY 2017-18. Please guide me as we need to pay GST @18% on SEZ sales?
01 August 2019
notification 66/2017 with effect from 15.11.2017 no GST on advance received in respect of GOODS. but in case of services, GST is payable on advance. in case of zero rated supply of services also , LUT is a must otherwise non export supply & tax on advance applicable.
CAclubindia
